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.
Investors need a clearer way to measure and value resilience as Asia faces rising climate risks, according to Singapore's financial regulator, with the absence of a common metric making adaptation harder to finance at scale.
A study of local businesses by UN Global Compact finds a three-year downward trend in transparency on sustainability goals. Three in four Singaporean firms have delayed targets or made revisions, but most say sustainability remains a priority.
Most large companies in the country have inadequate sustainability reporting and major improvements are needed in how they manage sustainability at board level.
By
Dr Pieter E. Stek and
Srijith Kannan
As global sustainability reporting standards converge, board directors face new challenges and opportunities in navigating mandatory ESG disclosures, ensuring transparency, and driving long-term value for their companies.
By
Jessica Cheam