The Singapore Stock Exchange will require listed firms to publish sustainability reports – or explain why they haven’t – possibly as early as 2017.
Chief executive of the SGX, Magnus Bocker, speaking at the annual international Singapore Compact CSR Summit, said the SGX will carry out a year-long study to determine what form the reporting should take.
The baseline is that reports will need to disclose a company’s financial, environmental and social impact. There are currently 800 firms listed on the SGX.
In 2011 the SGX introduced voluntary reporting on triple bottom line sustainability, however Mr Bocker told Eco-Business that the uptake had been “frankly, very slow”.
“We will take a leading role… and we will make it the rule,” he told the 200-strong audience at the summit.