How are Singapore’s top companies performing on sustainability reporting?


A hard-hitting new study has found that the majority of Singaporean listed companies are failing to adequately report their sustainability initiatives.

But it’s not all bad news. According to the Singapore Compact for Corporate Social Responsibility (Singapore Compact) and the National University of Singapore (NUS) Business School Singapore’s bluechip companies are embracing globally-recognised sustainability reporting approaches. Click here to see the report in full.

The Straits Times Index (STI), the most globally-recognised benchmark index and market barometer for Singapore, tracks the performance of the top 30 companies listed on the Singapore Exchange. These 30 blue chip stocks are recognised as well-established and financially sound, the study says.

“Out of these 30 companies, 26 fall under the scope of this study, and all 26 are found to have communicated their companies’ sustainability practices. Companies of 14 STI stocks – including Capitamall Trust, a REIT – have shown in-depth disclosures of their Governance, Economic, Environmental and Social indicators, with a majority of them utilising the GRI framework in producing their reports,” says the report.

How the top 30 are shaping up:

the Singapore Compact for Corporate Social Responsibility (Singapore Compact) and the National University of Singapore (NUS) Business School – See more at: http://sharingvalue.asia/singapore-companies-failing-sustainability-reporting/#sthash.2xhN3bR2.dpuf
the Singapore Compact for Corporate Social Responsibility (Singapore Compact) and the National University of Singapore (NUS) Business School – See more at: http://sharingvalue.asia/singapore-companies-failing-sustainability-reporting/#sthash.2xhN3bR2.dp

Company

Deliverable

Reporting Fieldwork Used

Capitamalls Asia Limited Annual report and corporate website
Capitaland Limited Standalone report, annual report and corporate website GRI (B+)
Capitamall Trust Annual report
City Developments Limited Standalone report, annual report and corporate website GRI (A+)
Comfortdelgro Corporation Ltd Annual report and corporate website
DBS Group Holdings Ltd Annual report and corporate website
Genting Singapore Plc Annual report and corporate website
Global Logistic Prop Limited Annual report and corporate website
Golden Agri-resources Ltd Standalone report, annual report and corporate website GRI (B)
Hongkong Land Holdings Limited Not in scope of study (secondary listing)
Hutchison Port Holdings Trust Not in scope of study (business trust)
Jardine Cycle & Carriage Ltd Annual report and corporate website
Jardine Matheson Holdings Ltd Not in scope of study (secondary listing)
Jardine Strategic Hldgs Ltd Not in scope of study (secondary listing)
Keppel Corporation Limited Standalone report, annual report and corporate website GRI (B+)
Noble Group Limited Annual report and corporate website UNGC, RSPO
Olam International Limited Standalone report, annual report and corporate website GRI
Overseas-Chinese Banking Corp Standalone report, annual report and corporate website UNGC
Sembcorp Industries Ltd Sustainability report embedded annual report, and corporate website GRI (B)
Sembcorp Marine Ltd Sustainability report embedded annual report, and corporate website GRI (B)
SIA Engineering Co Ltd Annual report
Singapore Airlines Ltd Standalone report, annual report and corporate website UNGC
Singapore Exchange Limited Standalone report, annual report and corporate website GRI 4
Singapore Press Holdings Ltd Annual report and corporate website
SingTel Standalone report, annual report and corporate website GRI (B+)
StarHub Ltd Sustainability report embedded within annual report, and corporate website GRI (B)
ST Engineering Ltd Annual report and corporate website
Thai Beverage Public Co Ltd Standalone report
United Overseas Bank Ltd Annual report and corporate website
Wilmar International Limited Standalone report, annual report and corporate website GRI (C+)