Companies, including those listed on SGX, must come up with “comprehensive” transition plans to show how they intend to reduce emissions, energy consumption and water usage; as well as to address the challenges and opportunities that lie ahead, reads the Sustainability Reporting Review 2023, the latest edition of a biennial study conducted by SGX RegCo and the Centre for Governance and Sustainability (CGS).
Faced with coming climate risks, regulators’ expectations of corporates have evolved from issuing disclosures to enacting transition plans.
Two reports released in the previous week — one involving the Singapore Exchange (SGX:S68
) Regulation (SGX RegCo) and the other by the Monetary Authority of Singapore (MAS) — explore this nascent but crucial area.
