Firms must make 'substantive changes' to meet sustainability reporting requirements

Singapore

SINGAPORE companies have "a massive mountain to climb" when it comes to meeting new regulatory requirements for sustainability reporting, says new research from global management consultancy, Corporate Citizenship.

However, industry experts have weighed in to point out that the companies that do succeed in climbing the mountain - producing meaningful, informative sustainable reports - will reap vast rewards at the peak, ranging from value creation to employee retention.