Singapore Exchange (SGX) today introduced sustainability reporting on a “comply or explain” basis. SGX will invite company CEOs to a briefing for clarity and understanding of the new requirement and organise training for all listed companies to build their reporting capability.
SGX is working with Global Compact Network Singapore (GCNS) to organise training workshops by sustainability reporting consultants. SGX is also planning other initiatives including an online portal. Details will be out shortly.
The report, done on a “comply or explain” basis, must include a board statement to describe the company’s sustainability actions, identify environmental, social and governance factors that affect business strategies, explain their practices and performances, and set targets.
Read more of the news release here.
Click here for details of the sustainability reporting rule and Guide.