Climate change is the defining challenge of our generation and leading organisations around the world are embarking on the ambitious net zero commitments by 2050. Unleash the power of ESG to transform your business and build a more sustainable future.
Bringing together specialised skills and interdisciplinary knowledge from diverse backgrounds, our dedicated team of ESG experts help clients make a measurable difference and accelerate the transition to a fair and sustainable future.
The world is facing a number of environmental challenges, such as climate change, with rising temperatures evident in various parts of the world. There is an increasing awareness of importance of social issues such as inequality and human rights. Governace over corruption and corporate transparency are under greater scrutiny than ever before.
Singapore Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have launched public consultation on recent recommendations from Sustainability Reporting Advisory Committee (SRAC) to advance climate reporting in Singapore. Recommendations include:-
a) Listed companies to report on International Sustainability Standards Board (ISSB)-aligned climate related disclosures (CRD) starting from financial year (FY2025). Large non-listed companies with annual revenue of at least $1 billion to follow suit in FY2027.
b) Companies subjected to mandatory climate reporting to obtain external assurance on Greenhouse gas Scope 1 and Scope 2 emissions from FY2027 for all listed companies and FY2029 for large non-listed companies.
c) CRDs should have same reporting and filing timelines as financial statements to facilitate timely communication to shareholders and other stakeholders.
We understand every business has different ESG challenges. Our multidisciplinary team can assist you with your unique priorities, delivers competitive advantage, creates and protects value for stakeholders, as well as to achieve your business goals and to meet the above CRD requirements, which would be expected to be rolled out in the near future.