Singapore Exchange encourages sustainability reporting

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02 Sep 2010

Singapore Exchange ("SGX") has issued a proposed "Policy Statement on Sustainability Reporting" and accompanying Guide for SGX listed companies to use in formulating their sustainability reporting.

The proposed sustainability reporting is voluntary. SGX is of the view that as more companies become inspired to adopt sustainability reporting, it will be natural to take the next step on guidelines and standards leading to rules.

Following is an extract from the proposed guidelines:

The Exchange encourages the adoption of internationally accepted reporting frameworks, such as the Global Reporting Initiative (GRI) Reporting Framework, in disclosing the issuer's sustainability performance. The GRI Reporting Framework is universally applicable to all organisations and sets out general principles and indicators that issuers can use to measure and report their economic, environment and social performance.

The proposals are open for comment until 29 October 2010. Click for:

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