Why sustainability reporting matters [News]
By Thomas Thomas and Perrine Oh, TODAY, 25 Jun 2012.
Fourteen per cent – or 79 out of 562 – of Singapore Exchange (SGX) Mainboard-listed companies engaged in sustainability reporting last year. While this percentage appears low, it represents a 25-per-cent increase over the previous year.
This key finding, released by the Singapore Compact, a national corporate social responsibility (CSR) society, at the Institute of Certified Public Accountants of Singapore (ICPAS) Singapore Accountancy Convention last November, is a useful snapshot of the non-financial reporting scene in Singapore.
Companies with large market capitalisation (of more than S$1 billion) accounted for almost 60 per cent of listed companies engaged in sustainability reporting.
“Sustainability reporting is now more than a buzzword to business and accounting professionals,” noted Mr Thomas Thomas, Executive Director of the Singapore Compact for CSR. “For the past year or so, the growing awareness of sustainability reporting has led to greater proactive interest from companies and organisations.”