More SGX-listed firms embark on sustainability reporting

Singapore

MORE Singapore Exchange (SGX)-listed companies have embarked on sustainability reporting, but there is significant room for improvement in reporting, a study says.

The latest Sustainability Reporting in Singapore study by the National University of Singapore (NUS) Business School's Centre for Governance, Institutions and Organisations (CGIO) and Asean CSR Network (ACN) shows that 327 out of a total of 678 - or 48.3 per cent - mainboard- and Catalist-listed companies communicated their sustainability practices. This translates to an average level of disclosure of 55.3 percentage points as at May 31 this year.

In 2016, the SGX introduced sustainability reporting for all publicly listed companies on a "comply or explain" basis, which …