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Singapore’s top 100 companies lead global sustainability reporting

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on ESG News or enjoy below:

🗞️ Driving the news: Singapore’s top 100 companies lead globally in sustainability reporting, with 100% participation, surpassing the global average of 79%, according to KPMG’s 2024 Survey of Sustainability Reporting
Key achievements include a rise in climate risk acknowledgment (76% vs. global 55%) and board-level accountability for sustainability, which increased from 35% in 2022 to 55% in 2024
ESG integration into annual reports reached 84%, significantly higher than the global average of 62%

🔭 The context: Singapore’s progress reflects its commitment to global sustainability benchmarks and corporate resilience
Areas like assurance for ESG data and biodiversity reporting lag, though efforts like the adoption of ISSB standards by 2025 aim to bridge these gaps
Global trends, including EU regulatory shifts and TCFD alignment, influence this momentum

🌍 Why it matters for the planet: Robust sustainability reporting enhances transparency, accountability, and progress toward climate goals
Singapore’s leadership sets a model for integrating ESG into corporate strategies, though gaps in biodiversity and assurance highlight ongoing challenges for comprehensive global impact

⏭️ What's next: Strengthening independent assurance for ESG data, linking sustainability metrics to executive pay, and expanding biodiversity disclosures are priorities
Singapore’s adoption of ISSB standards in 2025 and government-backed sustainability initiatives could further reinforce its global leadership

💬 One quote: “The increase from 49% in 2022 to 76% reflects a deepening corporate understanding of climate change’s pervasive impact on business resilience and value creation,” – Cherine Fok, Partner, ESG Consulting, KPMG Singapore

📈 One stat: 84% of Singapore companies now include ESG data in annual reports, outperforming the 2024 global average of 62%

Click for more news covering the latest on corporate sustainability 

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