ASEAN Sustainability Report Award 2014 - now calling for entries
The first ever ASEAN-level sustainability report award is now open for entries!
This is the first-ever ASEAN-level sustainability reporting awards, open to any ASEAN-based company, institution or organisation with a sustainability report, or integrated ESG disclosure in annual report. Organisation not based in ASEAN Member States can submit a report if it is solely focused on a site or subsidiary based in ASEAN countries. The awards will be given for reports published in year 2014 for year 2013 performance.
For details and to download the entry form, click here.
Please submit your form before 20 September 2014.
All the best!
Two-thirds of listed companies still not communicating sustainability information of business to stakeholders
Greater accountability of governance, social and environmental risks necessary for resilient business models
A total of 160 out of 537 companies listed on the mainboard of the Singapore Exchange (SGX) as of 31 December 2013 are found to have communicated, to various extent, sustainability information related to the governance, economic, environmental and social aspects of their businesses. Although this is an almost two-fold increase from the 79 companies in 2011 that were found to have communicated such information, two-thirds of Singapore’s listed companies are still not communicating sustainability to their stakeholders. Of the 160 companies that had communicated sustainability, only 19 of the companies used internationally recognised sustainability reporting frameworks, which guides them to provide more comprehensive and in-depth information about their businesses to their relevant stakeholders. As for the 30 ‘blue chip’ companies on the Straits Times Index, only 14 are providing in-depth sustainability information and using internationally-recognised frameworks when preparing sustainability reports.
This finding is from a new study by Singapore Compact for Corporate Social Responsibility (Singapore Compact) and the National University of Singapore (NUS) Business School on sustainability communication by SGX-mainboard listed companies.