| Summary: | At present, there is a global proliferation of demand by various stakeholders for sustainability reporting. In spite of this, reports have demonstrated that predominantly, organizations are bereft in their efforts. Studies have indicated that enterprises in Singapore yields disconcerting statistics in the area compared to their ASEAN counterparts.
This study seeks to advance the sustainability reporting scene in Singapore by shedding some light on the extent of reporting in Singapore whilst in the process, tailor a guideline that is more suited to the local scene. From our findings and refined reporting criteria, firms will have a benchmark to move toward and be able to better convey their actions to investors.
Through our research, we observed that the local scene requires more effort in sustainability reporting, especially in the Environment and Social segments. Our results reflect that there is inadequate disclosure of information regarding sustainability in Singapore, across the various industries and amongst firms of different market capitalisation.
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