The first year of reports under Singapore’s new sustainability rules are cautious and uneven. With consultation on the proposed changes now closed, practitioners hope the final rules will push companies to act on climate risk.
The region accounts for nearly half of global GDP represented by economies adopting ISSB standards, but ACCA warns that businesses must move beyond compliance to address climate risks, resource pressures and emerging challenges.
Rising insurance premiums, energy costs and supply chain disruptions are strengthening the case for investment in climate resilience, executives and officials said at the launch of EY’s new Singapore centre.