ESG Solutions

The SME Sustainability Reporting Programme (SME SRP) assists Singapore non-listed small and medium-sized enterprises (SMEs) in developing their first sustainability reports.

SMEs will receive support in identifying material areas, collecting data based on the identified material areas, and report drafting in line with the Global Reporting Initiative (GRI), and IFRS ISSB Standards including Task Force on Climate-related Financial Disclosures (TCFD) reporting frameworks, and any other relevant sustainability disclosure standard.

A crucial aspect of the ESG journey involves establishing your organisation’s priorities. This process entails evaluating your organisation’s current position and maturity in the realm of sustainability and ESG. Additionally, it involves assessing the positions of key stakeholder groups, such as customers, suppliers, regulators and employees, and assessing the progress of industry peers toward their stated ESG goals.

Our ESG Maturity 360° Assessment uses four key areas to evaluate where your organisation is on its way to reaching its ESG aims.

On 26 June 2023, the International Sustainability Standards Board (ISSB) published its highly anticipated disclosure standards, which cover general sustainability concerns (IFRS S1) and climate disclosures (IFRS S2).

In this article by Eco-Business, experts weigh in on the impact these standards will have on businesses in Asia and explore the potential opportunities and challenges it may present, especially for smaller companies and those in emerging markets.

Suggesting a way forward for companies to embrace sustainability reporting, RSM Singapore Partner Dennis Lee shares, “Despite existing government efforts to train up more sustainability professionals who are able to translate complex technical jargon from taxonomies and standards into something that business owners can more easily appreciate, there continues to be an undersupply of such people to go around…There may need to be a lighter version, versus the more full-blown version, in order to get people on board."
 

Singapore's rise as a preeminent wealth management hub in Asia hinges on a powerful trifecta: robust regulations, strategic tax benefits, and a forward-thinking approach to sustainable investing. Explore how ESG factors shape the financial sector and contribute to Singapore's prominence as a leader in wealth management.