27 Jun '11, 2pm

SGX-listed firms to get sustainability guide

SINGAPORE: In a bid to boost transparency and stay ahead, the Singapore Exchange (SGX) has launched a sustainability guide for its listed companies. This guide outlines best practices for companies with regard to sustainability reporting. In 1992, there were only 26 sustainability reports world wide, compared to the more than 5,000 today. While sustainability reporting within Asia is at a very early stage, in Malaysia, there is already mandatory requirements for companies to produce some form of sustainability reports. The move by Singapore to launch a guide for sustainability reporting is seen as a necessary stepping stone. At the launch of the guide on Monday, SGX CEO Magnus Bocker highlighted the importance of sustainability reporting to stay ahead. "Hong Kong has said, and intends to do a consult on its reporting guide. I assume it will be later this year," Mr Bocker s...

Full article: http://www.channelnewsasia.com/stories/marketnews/view/11...

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