Getting your company ready for sustainability reporting

The clock is ticking and, as a director says, "companies that do not have sustainable business practices are already being shunned by customers, lenders and investors".

Published Tue, Aug 16, 2016 · 09:50 PM

ONLY about 50 Singapore-listed companies have so far put out sustainability reports, even as the clock ticks down to the year-end when new guidelines for sustainability reporting kick in, say consultants.

This represents just over 6 per cent of all companies listed on the Singapore Exchange (SGX).

In June, SGX announced new guidelines on sustainability reporting, which require listed companies to review their sustainability practices every year.

The guidelines, on a "comply or explain" basis, will take effect in 2018 for companies with financial years ending on or after Dec 31, 2017.

"Many of the companies that have yet to report are seriously starting a di…

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