Sustainability reporting

DBS sees opportunities in climate adaptation and nature; on track to cut financed emissions of most sectors

Lender’s sustainability report discloses that 15% of management’s remuneration is tied to ESG matters

Harita Nickel’s emissions have been increasing since 2022 while its share of renewable power has been falling.
ESG INSIGHTS

Issue 184: OCBC hit by coal complaint; Parkway Life Reit secures green, social debt

This week in ESG: Bank under fire for loans to Harita Nickel; healthcare-focused Reit adds S$142 million of sustainable financing

Environmental group Market Forces says OCBC did not provide complete information material to investors, including the true extent of its exposure to carbon-intensive companies that are powering their operations with off-grid coal plants.

Green group files SGX complaint against OCBC alleging disclosure gaps in carbon-intensive assets

Market Forces flags lender’s possible failure to comply with sustainability reporting requirements around its exposure to captive coal plants

Flood-risk systems and climate-resilient infrastructure are options that some companies are eyeing as a way to adapt to climate change.

Less than 50% of companies looking to invest in climate risk management: survey

Lack of knowledge, budget constraints could be among reasons that are holding firms back

Clara Kwan, chief sustainability officer of Singapore Manufacturing Federation, says: “It is not ‘sexy’ to be labelled as working in the manufacturing industry. So these are ways we can make the industry more attractive."

Fear of the unknown preventing firms from embarking on sustainability journey: SMF

The manufacturing body has therefore rolled out a programme to help them overcome the obstacles

Coal consumption growth in South-east Asia will lead the world until 2030, says the International Energy Agency.
ESG INSIGHTS

Issue 176: Indonesia’s U-turn on coal phase-out; climate scenarios caught in paper retraction

This week in ESG: Cancellation of coal plant’s early retirement jeopardises multilateral programme; Retracted study used to model climate damage by central banks

Tariffs raise the apparent cost of imported goods, and when those inflated costs are plugged into spend-based emissions models, they artificially elevate the associated carbon footprint.

The hidden carbon accounting costs of tariffs

A flawed methodology amplifies both environmental and financial risk

Second Minister for Finance Indranee Rajah says enrolments in the Singapore Chartered Accountants Qualification have more than trebled since 2022.

New accountancy pathways for ITE graduates; free AI training for accountants: Indranee

National accountancy body also launches climate and social-impact reporting guidelines

CapitaLand Investment emits about four times as much carbon dioxide as Mapletree Investments.
ESG INSIGHTS

Issue 170: Potential CapitaLand, Mapletree merger’s ESG challenge; COP30 confronts US pullback

This week in ESG: Temasek-linked real estate companies explore union; report finds US gains at expense of others in climate withdrawal

Ravi Menon, Singapore's ambassador for climate action, says: "I think between the next 10 and 20 years, climate change will be one of the major preoccupations of governments, of businesses and of the general public. It's going to dominate all your news."

Not necessary for Singapore to compete with the region on sustainability reporting, says Ravi Menon

The city-state’s ambassador for climate action says that all countries share a common objective of addressing the climate crisis