CATEGORY: NEWS AND ANNOUNCEMENTS, PRESS RELEASES


Singapore, 21 June 2022 - The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have set up a Sustainability Reporting Advisory Committee (SRAC) to advise on a sustainability reporting roadmap for Singapore-incorporated companies. As part of its work, the Committee will provide inputs on the suitability of international sustainability reporting standards for implementation in Singapore.

2          ACRA and SGX RegCo are working on developing a roadmap for wider implementation of sustainability reporting for Singapore-incorporated companies, beyond SGX-listed companies. SGX RegCo has been progressively enhancing sustainability reporting for listed companies, including mandatory reporting since 2016 and the introduction of climate reporting from FY2022. The growing interest in environment, social and governance (ESG) issues globally has led to a call to provide greater transparency and assurance on companies’ ESG-related information which investors and other stakeholders can incorporate into their decision making.

3          Chaired by Ms Esther An, Chief Sustainability Officer of City Developments Limited, the SRAC brings together industry leaders and champions of sustainability with diverse experience including chief sustainability officers, representatives of financial institutions, institutional and retail investors, sustainability reporting professionals and academia.

4          Ms An said, “Effective ESG integration and disclosure are critical to accelerating global efforts to build a greener and more resilient future for all. I am honoured and humbled to be appointed this important role and I look forward to working with fellow committee members who are respected leaders in their fields. I believe that the collective efforts of this committee will complement ACRA and SGX RegCo’s initiatives to rally corporates and stakeholders to contribute towards the Singapore Green Plan 2030 and the global agenda on sustainable development.”

5 The composition of the SRAC can be found in the Annex

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ANNEX: MEMBERS OF THE SUSTAINABILITY REPORTING ADVISORY COMMITTEE

Ms Esther An  Chief Sustainability Officer, City Developments Limited
Mr Lam Yi Young (Deputy Chairperson)  Chief Executive Officer, Singapore Business Federation
Mr Bey Soo Khiang
  Vice-Chairman, Royal Golden Eagle Group
Ms Chan Yen San  Partner, KPMG in Singapore
Mr Chia Ko Wen
  Head of Sustainability, Singlife with Aviva
Ms Fang Eu-Lin
  Partner and Sustainability and Climate Change Leader, PwC Singapore
Ms Grace Goh Bee Kheng  Managing Director, Finance; Head, Investment Services, Temasek International Pte. Ltd.
Mr Koh Chin Beng  Partner, Risk Advisory Services, BDO Singapore
Professor Lawrence Loh  Director, Centre for Governance and Sustainability, NUS Business School
Mr Max Loh  Managing Partner, EY Singapore and Brunei
Mr Uantchern Loh  Chief Executive Officer, Asia Pacific region, Black Sun
Mr Helge Muenkel  Chief Sustainability Officer, DBS
Mr Shinbo Won  Managing Director, Head of Asia ex-Japan, BlackRock Investment Stewardship, Blackrock

ACCOUNTING AND CORPORATE REGULATORY AUTHORITY
SINGAPORE EXCHANGE REGULATION
21 Jun 2022




2022/06/21
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