Ensuring the company meets ESG-related regulations and standards. This includes compliance with SGX sustainability reporting rules and upcoming climate disclosure mandates, adhering to environmental laws (e.g. carbon tax regulations), and aligning with international standards (like ISO environmental standards or sector-specific guidelines). Advisors help interpret new regulations, integrate ESG requirements into business processes, and avoid compliance pitfalls.
ESG Reporting & Disclosure
Helping companies measure and report their sustainability performance. This often involves identifying relevant ESG metrics, collecting and verifying data, and preparing sustainability reports in line with frameworks such as the Global Reporting Initiative (GRI), Integrated Reporting, SASB, or IFRS S2. In Singapore, many firms engage consultants to produce their annual sustainability reports for SGX. Advisory teams also assist with benchmarking and ESG ratings – understanding how the company scores on indices or ratings (MSCI, Sustainalytics, etc.) and improving transparency.
Sustainability Report Framework Example
A well-structured sustainability report is essential for organizations to communicate their environmental, social, and governance (ESG) performance. Below is an example framework that can be used for crafting a comprehensive sustainability report:
1. Introduction
- Overview of the organization
- Purpose and scope of the report
- Stakeholder engagement process
2. Governance and Management
- Governance structure
- Roles and responsibilities regarding sustainability
- Policies and practices in place
3. Environmental Impact
- Carbon footprint analysis
- Resource management (water, energy, materials)
- Biodiversity preservation measures
- Waste management strategies
4. Social Responsibility
- Employee welfare and labor practices
- Diversity and inclusion efforts
- Community engagement initiatives
5. Economic Performance
- Financial statistics related to sustainability initiatives
- Cost savings from sustainable practices
- Investment in sustainable technologies
6. Goals and Targets
- Short-term and long-term sustainability goals
- Performance indicators and metrics for tracking progress
- Commitment to continuous improvement
7. Case Studies and Success Stories
- Examples of successful sustainability projects
- Impact assessments of initiatives undertaken
8. Challenges and Areas for Improvement
- Identifying gaps in current practices
- Strategies for overcoming obstacles
9. Conclusion
- Summary of key findings
- Call to action for stakeholders
10. Appendices
- Data tables and charts
- References and sources