Singapore's corporate responsibility reporting rates above global average: KPMG

SINGAPORE (Dec 21): In Singapore, about 84% of the largest companies are reporting on corporate responsibility (CR), faring better than the global average of 72%, according to the KPMG Corporate Responsibility Reporting survey.

The survey studies annual financial reports and CR reports from the largest 100 companies by revenue in each of the 49 countries it covers.

Ian Hong, head of sustainability advisory & assurance at KPMG in Singapore says, “Singapore’s high percentage could be attributed to the high standards set under its Code of Corporate Governance that elaborate the Board’s role to include a consideration of sustainability issues such as environmental and social factors, as part of its strategic formulation.”

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