05 Sep '11, 2pm

Singapore companies still lagging behind on corporate sustainability reporting

Singapore companies still lagging behind on corporate sustainability reporting

SINGAPORE: Singapore companies are still behind when it comes to corporate sustainability reporting. Less than nine per cent of listed companies here conduct such sustainability reporting. This is according to a report by Singapore Compact and despite SGX launching guidelines to spur companies on in June. And to improve on this, industry watchers said that perhaps such reporting standards should be made compulsory in the region. Reporting water and energy usage for your company will not only help track and streamline business but it also attracts investors. Industry watchers noted that socially responsible investments in the US increased by 13 per cent between 2007 and 2010 to US$3 trillion. Yet, this accounts for just 12 per cent of assets under management in the US. Jennifer Morris, Executive VP of the Ecosystems Finance & Markets Unit at Conservation International, said...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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