ESG

ESG INSIGHTS

Issue 190: Scenario gap in climate disclosures; sustainable finance and energy security

This week in ESG: Review finds progress in Singapore-listed companies’ climate reporting; sustainable finance critical to energy resilience for Singapore

Organic waste accounts for about two-thirds of all waste produced in Bali.

Bali residents take to burning trash as landfill rules change

Danantara has announced plans to build facilities that would burn waste to generate electricity in Denpasar

Malaysia is rolling out a new carbon tax this year, and pointing it directly at the heavy hitters first: iron, steel and energy producers.
HOCK LOCK SIEW

Never mind the ozone layer, mind your dividends

​If a company emits a lot of smoke to make its products, its costs are about to shoot up

Reducing its reliance on Russian gas has been the cornerstone of Estonia’s energy policy ever since its independence in 1991 following the dissolution of the Soviet Union. 

Estonia races towards renewables for greater energy security – not because of the Iran war

Its clean energy push was mandatory after its accession into the EU in 2004 and accelerated after Russia’s invasion of Ukraine in 2022

The review also highlighted that 63% of STI constituents have begun incorporating ISSB standards in their reporting.

40% of issuers required to make climate disclosures in FY2024 fully met SGX requirements: review

36% of issuers provided all 11 disclosures recommended under the TCFD framework

Elaine Heng, head of global commercial banking at OCBC, says:  “We’re seeing this very strong momentum, and it’s very encouraging.”

OCBC ups ante on SME sustainability with S$25 billion financing target

This is the first time an Asian bank has set a dedicated sustainable finance goal for the segment

Asian policymakers are already rethinking environmental goals around cutting coal-fuelled power production to ensure energy security, as the conflict extends into a sixth week.

Asian coal bonds beat peers as Iran war triggers energy rethink

A benchmark for coal prices in Asia is hovering near a 17-month high

Ravi Menon, Singapore’s ambassador for climate action,  says: “If you think about it, the ongoing crisis is a reminder of the inherent vulnerabilities in the global oil and gas system.”

Iran war raises urgency of climate transition, says Ravi Menon

He is one of two co-chairs of a platform set up to help busineses beef up their climate resilience and competitiveness

Singapore has hiked its carbon tax rate to five times the previous levy, but tax revenues have only tripled.
ESG INSIGHTS

Issue 189: Carbon tax in an energy crisis; Singapore good timing on green bonds

This week in ESG: Singapore’s carbon tax may have room for relief; Reopened 30-year Singapore green bonds yield 2.57 per cent