SGX's first step towards 'comply or explain' for sustainability reporting

Singapore

THE Singapore Exchange (SGX) is reaching far and wide to gather feedback as it prepares to make listed companies follow sustainability reporting guidelines or else explain why they are not doing so.

"Expanding the coverage of reporting to include environmental and social aspects of businesses will further enhance disclosure and transparency to investors," the market operator said in a statement. "Sustainability reports complement financial reports to give investors an appreciation of the long-term value of the company."