The Business Times
business-time-50

Unlikely allies in Singapore’s sustainability journey: Finance and accounting

google-preferred-sourceAdd BT as a preferred source
Published Mon, May 16, 2022 · 04:59 PM
    • Beyond Singapore, global organisations are also asking financial accounting standards boards to provide rules on topics like accounting for renewable-energy certificates and carbon-offset credits.
    • Beyond Singapore, global organisations are also asking financial accounting standards boards to provide rules on topics like accounting for renewable-energy certificates and carbon-offset credits. Pixabay

    Victor Ng

    GREEN finance is an exciting area of growth in Singapore, accounting for almost half of the ASEAN green bond and loan market. 

    In its 2022 Budget, the Singapore government announced several measures aimed at elevating the country’s standing to become a leading carbon services hub in Asia. Some measures such as the broadbased carbon tax which was introduced in 2019 have helped enterprises reduce their greenhouse gas emissions. There is also the Green Plan that Singapore hopes to achieve by 2030. Such measures have prompted businesses to take Environmental, Social, and Governance (ESG) matters more seriously in their operations. 

    ESGAccounting

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Allowing some older malls to evolve organically could help Orchard Road retain diversity, says one observer.

    Room for more offices, homes and green spaces to make Orchard Road more vibrant

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The amendments "aim to protect the competitive process of takeover and merger transactions", says SIC.

    MAS revises takeover and merger code to enhance competition and disclosures

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More