Singapore Exchange releases sustainability reporting guide

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27 Jun 2011

The Singapore Exchange (SGX) has introduced a Sustainability Reporting Guide (the "Guide") for its listed companies.

The release of the Guide follows a public consultation process that commenced in August 2010 regarding disclosure and accountability for operating and developing businesses in a sustainable manner (see our earlier story).

Within the Guide, the Policy Statement sets out the principles and the Questions and Answers guide listed companies in extending their reporting beyond financial governance to sustainability aspects. The Guide references ISO 26000 Guidance on Social Responsibility and the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines for listed companies seeking detailed guidance on sustainability reporting.

The Policy Statement and Sustainability Reporting Guide are applicable to Mainboard and Catalist companies listed on SGX. The Guide is not mandatory, but the SGX encourages all its listed companies to consider sustainability reporting as an integral part of good corporate governance and notes "conceivably, there will be progress towards mandatory reporting through regulations and rules in the future".

Both Policy Statement and the Guide are available on (link to SGX website). Click for SGX announcement (link to the SGX website).

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