Saturday 20 Apr 2024
By
main news image

SINGAPORE (June 20): Singapore Exchange-listed companies will eventually be expected to issue an annual sustainability report.

The SGX announced on Monday that companies will have to publish a sustainability report at least once a year for any financial year ending on or after Dec 31, 2017.

The report should describe sustainability practices with reference to five components: material environmental, social and corporate governance factors; policies; practices and performance; targets; the sustainability reporting framework; and the board statement.

Yeo Lian Sim, special advisor at SGX, says the move should increase the transparency of the Singapore market and also improve the quality of reporting.

“There is definitely demand for responsible investing and demand for sustainability reporting,” Yeo says, adding that sustainability reporting should give investors more opportunities to assess the quality of a company and its management.

SGX shares closed 1.62% higher at S$7.55 on Monday.

      Print
      Text Size
      Share