Mandatory climate disclosures, diversity targets: get on board or risk getting left behind
Add BT as a preferred source
SINGAPORE Exchange Regulation (SGX RegCo) announced last month proposed enhancements to its sustainability reporting regime, including a roadmap towards mandatory climate reporting, assurance for sustainability reports and common environmental social and governance (ESG) metrics. To enhance board diversity, SGX RegCo also proposed mandatory disclosures on board diversity targets, plans and timelines.
The various enhancements are timely given the increasing focus from investors worldwide on such issues, and may help locally listed companies win institutional investors.
Boards and management of companies should therefore embrace the proposals and take their responsibilities for these disclosures seriously.
TRENDING NOW
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
Geopolitical risks must be considered before investing in tech: Temasek chairman Teo Chee Hean
Don’t just pump money – Temasek’s portfolio firms, markets must create inherent value: Teo Chee Hean
Indonesia’s commodity export shake-up sparks industry alarm, investor jitters
