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Friday, May 3, 2024

Singapore Expands Climate Reporting to More Industries in 2024

SGX mandates more industries to report ESG for 2024. Focus on ESG in Southeast Asia is still early, but awareness and adoption are increasing. Southeast Asia faces challenges from climate change. Sustainability reports should include targets, performance, and practices related to ESG factors.

SGX Mandates ESG Reporting for More Industries

The Singapore Exchange (SGX) is expanding its mandate for environmental, social, and governance (ESG) reporting, requiring more industries to submit ESG reports for the 2024 financial year. In 2023, climate reporting became mandatory for businesses in the financial, agriculture, energy, food, and forest products industries.

ESG Focus in Southeast Asia

While the focus on ESG factors for businesses in Southeast Asia is still in its early stages compared to global markets, there has been an increasing awareness and adoption of ESG-related policies across…

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