June 29 2021
Corporates in Singapore are increasingly under pressure from regulators, investors, customers, and other stakeholders to make environmental, social and governance (ESG)-related disclosures. This article offers an overview of the mandatory ESG disclosures in Singapore and highlights the potential legal pitfalls that corporates should look out for.
Listed issuers
Singapore Exchange (SGX) introduced sustainability reporting on a ‘comply-or-explain’ basis to its listing rules in June 2016. These reports are intended to complement its listed issuers’ financial reporting, by showing how their material ESG risks and opportunities are being managed, thereby enabling a more holistic assessment of the issuer’s financial prospects and quality of management.