Clear targets a must for climate-change action

A common reporting framework for climate-change disclosures will enable comparability of data

Michelle Quah

Published Thu, May 20, 2021 · 05:50 AM

Singapore

AS discussions around climate change grow in urgency in Singapore and across the globe, the need for a common set of standards and definitions of key terms is increasing. Yet, governments and companies around the world are still at odds over the actions and targets they need to aim for.

In Singapore, a panel discussion on sustainability reporting, hosted by the Singapore Exchange (SGX) on Wednesday, called for a common reporting framework for climate-change disclosures to bring about greater consistency and comparability of such information.

"It's a perennial problem globally - people have difficulty integrating the information because there are so many frameworks out there ... it is like an alphabet soup of standard…