Singapore Exchange launches sustainability reporting guide

09:36, June 28, 2011      

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The Singapore Exchange (SGX) has launched a guide on sustainability reporting to cater to increasing demand for greater transparency, the bourse announced on Monday.

The guide sets out the principles of sustainability reporting for the listed companies.

Sustainability reporting, which covers the environmental and social responsibility side of the company's performance, is not mandatory but an increasing number of companies worldwide are adopting the practice to establish their image as responsible players.

The bottom line and balance sheet are no longer the only factors investors look at and an increasing number of market players are interested in responsible investments and insight into potential risks a company may be exposed to.

"Since 2003, RI (responsible investment) investment has grown by 22 percent as assets under management, compared to assets under management generally growing by 10 percent," said SGX CEO Magnus Bocker.

"If you look from an Asian perspective, there is a mere 2 percent of assets under management focusing on the responsible investment," he said. "If you look into the years to come, the market expects it to grow up to 150 percent."

Of the 800 companies listed in Singapore, it is estimated that around 20 do sustainability reporting, local broadcaster Channel NewsAsia said.

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