78% of Singapore’s large listed companies advance in climate reporting

📆 09/07/2024 05:40:00
📰 SBRMagazine

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pstrongNearly all companies have established roles or committees to manage climate risks and opportunities./strong/p pAbout 78 % of larger listed companies, mostly from carbon-intensive sectors, are progressing well ina href="https://sbr.com.

Nearly all companies have established roles or committees to manage climate risks and opportunities., according to a joint study conducted by the Accounting and Corporate Regulatory Authority and the Sustainable and Green Finance Institute at the National University of Singapore.

Regarding strategy, a majority disclose climate risks, but fewer disclose opportunities. Whilst 75% conduct scenario analyses on climate impacts, only 16% integrate climate risks into financial planning. The initiative aligns with Singapore’s commitment to sustainable development, as outlined by Second Minister for Finance Chee Hong Tat.

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