24 October 2024
Singapore government has implemented new reporting mandates for listed and large non-listed companies to enhance transparency regarding their environmental, social, and governance (ESG) impacts. These requirements conform to standards being provided by the International Sustainability Standards Board (ISSB).
Companies will be required to report on their carbon emissions, resource utilization, social contributions, governance practices, and adherence to international standards like the United Nations Sustainable Development Goals (SDGs).
Organizations will have a phased timeline to implement new reporting standards that measure their environmental performance, social contributions, and governance practices.
• 𝘚𝘪𝘯𝘨𝘢𝘱𝘰𝘳𝘦’𝘴 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘢𝘯𝘥 𝘊𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘙𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘈𝘶𝘵𝘩𝘰𝘳𝘪𝘵𝘺 (𝘈𝘊𝘙𝘈) 𝘩𝘢𝘴 𝘱𝘳𝘰𝘱𝘰𝘴𝘦𝘥 𝘚𝘪𝘯𝘨𝘢𝘱𝘰𝘳𝘦 𝘚𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘋𝘪𝘴𝘤𝘭𝘰𝘴𝘶𝘳𝘦 𝘚𝘵𝘢𝘯𝘥𝘢𝘳𝘥𝘴 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘐𝘚𝘚𝘉 𝘚𝘵𝘢𝘯𝘥𝘢𝘳𝘥𝘴. • 𝘜𝘯𝘥𝘦𝘳 𝘵𝘩𝘦 𝘱𝘳𝘰𝘱𝘰𝘴𝘢𝘭, 𝘚𝘍𝘙𝘚 𝘚2 𝘰𝘯 𝘤𝘭𝘪𝘮𝘢𝘵𝘦-𝘳𝘦𝘭𝘢𝘵𝘦𝘥…
• 𝘎𝘦𝘳𝘮𝘢𝘯𝘺, 𝘈𝘶𝘴𝘵𝘳𝘪𝘢 𝘢𝘯𝘥 𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘩𝘢𝘷𝘦 𝘭𝘢𝘶𝘯𝘤𝘩𝘦𝘥 𝘢 $2.5 𝘣𝘪𝘭𝘭𝘪𝘰𝘯 𝘮𝘦𝘤𝘩𝘢𝘯𝘪𝘴𝘮 𝘵𝘰 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦 𝘌𝘶𝘳𝘰𝘱𝘦’𝘴 𝘦-𝘚𝘈𝘍 𝘮𝘢𝘳𝘬𝘦𝘵. • 𝘎𝘦𝘳𝘮𝘢𝘯𝘺 𝘸𝘪𝘭𝘭 𝘱𝘳𝘰𝘷𝘪𝘥𝘦 𝘶𝘱 𝘵𝘰 $2.4 𝘣𝘪𝘭𝘭𝘪𝘰𝘯, 𝘸𝘪𝘵𝘩 𝘈𝘶𝘴𝘵𝘳𝘪𝘢 𝘢𝘯𝘥 𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘯𝘨 $71 𝘮𝘪…
• 𝘊𝘢𝘯𝘢𝘥𝘢 𝘪𝘴 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘪𝘯𝘨 𝘢 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬 𝘵𝘩𝘢𝘵 𝘤𝘰𝘶𝘭𝘥 𝘦𝘯𝘢𝘣𝘭𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘵𝘰 𝘱𝘢𝘳𝘵𝘪𝘤𝘪𝘱𝘢𝘵𝘦 𝘮𝘰𝘳𝘦 𝘢𝘤𝘵𝘪𝘷𝘦𝘭𝘺 𝘪𝘯 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘢𝘳𝘣𝘰𝘯 𝘮𝘢𝘳𝘬𝘦𝘵𝘴. • 𝘛𝘩𝘦 𝘱𝘳𝘰𝘱𝘰𝘴𝘦𝘥 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘸𝘰𝘶𝘭𝘥 𝘦𝘯𝘢𝘣𝘭𝘦 𝘵𝘳𝘢𝘥𝘪𝘯𝘨 𝘰𝘧 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭𝘭𝘺 𝘵𝘳𝘢𝘯𝘴𝘧𝘦𝘳𝘳𝘦…