Entries by Paia Consulting

What companies in Singapore should know about the Carbon Tax

Singapore has passed the Carbon Pricing Bill on large emitters. Under the 2015 Paris Agreement and as part of a global effort to mitigate climate change, Singapore has pledged to reduce its greenhouse gas emissions per dollar of GDP by 36 per cent from 2005 levels by 2030. It has also pledged to stop any increase in its total GHG emissions by 2030.

Are the GRI G4 Sector Disclosures still relevant?

With the new GRI Standards, using the G4 Sector Disclosures is a ‘reporting requirement’ – a ‘should’, not a ‘reporting requirement’ (GRI 101 Foundations, pg. 18). What does this mean for reporters? Simply put, it is now a recommendation, and not a requirement, that reporting organisations consult the sector disclosures to assist with identifying its […]

Singapore’s 2019 Carbon Tax…does it matter to you?

Nurul Amillin Hussain. A carbon tax on emissions of greenhouse gases (GHG) will be implemented in 2019, as announced on the 20th of February in the 2017 Budget, delivered by the Minister of Finance, Heng Swee Keat. This move towards carbon pricing follows other policy initiatives to reduce Singapore’s emissions intensity to 36% below 2005 […]

Budget 2017: Sustainable Development for a Resilient Singapore

  The 2017 budget which was announced by Singapore Finance Minister Heng Swee Keat outlined initiatives to boost sustainable growth and productivity amidst global political and economic uncertainties Here are some key sustainability-related points from the Budget Statement: Economic Plans to help companies manage economic transition In view of continued weakness, the Government will defer […]

CDP … just another sustainability acronym, or worth my time?

The Carbon Disclosure Project (CDP) is currently publishing the 2016 results of its climate change, forest, water and supply chain surveys, having started with the UK results end of October. Soon, some Singaporean companies will get scores, some will be publicly named as not responding, others won’t be mentioned. Should you care? CDP runs a […]

Using the SDGs to unlock shareholder value

BNP Paribas organizes inaugural Sustainable Future Forum in Singapore It was a star-studded affair. To emphasize the bank’s recognition of the importance of the United Nations’ Sustainable Development Goals, BNP Paribas organized a one-day conference in Singapore on October 27. Keynote speakers included Ms Cherie Blair, CBE, Founder of the Cherie Blair Foundation for Women […]

Credible. Simple. Sustainability Reporting.

Let these four words live and breathe together.   “From complexity comes stress, anxiety and frustration – even rage – followed by apathy and exit. But you do not have to be a victim any more.” Edward de Bono, Philosopher   Companies are increasingly looking at planning their Sustainability Reporting to comply with SGX Sustainability […]

CSR and Social Innovators Forum 2016

The Paia team attended the CSR and Social Innovators Forum (CSRSIF) held at Suntec Convention and Exhibition Centre, 1-2 September 2016. The first joint event between Global Compact Network Singapore (GCNS) and Social Innovation Park Ltd (SIP), the CSRSIF combines the fields of corporate social responsibility and social innovation with the theme “Co-creating the Future […]

SGX Briefings for CEOs on Sustainability Reporting

SGX has recently introduced sustainability reporting by listed companies on a ‘comply or explain’ basis in response to growing international interest in sustainability. SGX is inviting CEOs of all SGX listed companies to a 2 hour briefing for clarity and understanding of the new requirement. The briefing will convey the purpose and meaning of SGX’s […]

A slice of SGX Reporting for Breakfast at Paia

Paia held a Breakfast Briefing, July 15th to help Singaporean corporate reporters on their journey to producing meaningful, useful and compliant sustainability reports. Paia Associate Director, Alex Nichols and Principal Consultant, Ms Wong Dan Chi gave us valuable insights and recommendations on how to build a good sustainability report and meet the new requirements of […]

Transition to GRI Standards

The GRI G4 Reporting Guidelines are on their way to becoming a ‘Standards’ for reports published from January 2018 onwards. Our Senior Consultant Saskia Jung attended the 5th Global GRI Conference in May this year and was able to provide early feedback on drafts of the standards, which will be finalised in October 2016. The […]

SGX launches Comply or Explain Sustainability Reporting

SINGAPORE Exchange (SGX) has officially released the Guidelines and Rule on Sustainability Reporting yesterday, June 20 2016.  These guidelines are in line with the global trend of stock exchanges requiring companies to report on their environmental, social and governance (ESG) issues for financial year 2017. The SGX guidelines expect that companies ‘comply’ or ‘explain’, that is, commit […]

Start my next Sustainability Report now??

We thought hard before posting this – it sounds a bit like shameless business development when we advise businesses to start reporting early. And 10 months early, too?! But, allow me to forge ahead! The dust has barely settled on the last report and it’s time to begin planning the next. Why? Engage your colleagues. […]

Why would top graduates from Harvard work for a carpet company?

“We have attracted talented people because of our sustainability approach.” Rob Coombs, President and Chief Executive Officer, Asia Pacific Interface is the global leader in the manufacture of modular carpets used in offices and homes. In the mid-1990s, the company started to embed sustainability in their business by implementing changes in the way they operate. […]

Congratulations to our clients CDL, ComfortDelGro, Fraser Centrepoint, FCT, FCOT, FHT, IndoAgri, Keppel TT, MPA, Sembcorp Industries, Sembcorp Marine, ST Engineering on the recent release of their Sustainability Reports

We are pleased to see not only a growth in the number of companies producing GRI Sustainability Reports in Singapore, but also a significant increase in the quality of disclosure. We are proud to have worked with the below companies on their recent reporting projects many of whom have demonstrated leading edge practices in their […]

NUS’s CGIO and ASEAN CSR Network look into Sustainability Reporting in ASEAN

On the 25th of February 2016, Paia’s Principal Consultant, Wong Dan Chi was invited as an industry panellist to comment on a report led by the Centre for Governance, Institutions and Organisations (CGIO) at National University of Singapore (NUS) Business School. Paia is pleased to support research efforts on sustainability and governance, and is especially […]

SGX releases Consultation Paper on Sustainability Reporting

The Singapore Exchange (SGX) released a consultation paper, ‘Sustainability Reporting: Comply or Explain’ on 5 Jan 2016. In the consultation paper, SGX provides a background and reasons for sustainability reporting, before putting forward amendments to both mainboard and catalist rules, and reporting guidelines. The proposed amendments and the guidelines will be open for public comment […]

Paia rolls out Toolkit for companies who want to publish sustainability reports in-house.

  In line with SGX’s Guidelines requiring listed companies to produce sustainability reports, Paia is rolling out a Toolkit to simplify the reporting process specifically for companies who want to write their report in-house. This Toolkit provides the necessary tools to produce a sustainability report in line with SGX’s requirements. What you will learn Paia’s toolkit […]

COP 21 Paris Agreement: the first global consensus on climate change

On 12 December 2015, the first ever universal agreement on climate change was adopted by 195 nations. The deal was made at the Paris Climate Change Conference, also known as the 21st Conference of the Parties (COP21) to the 1992 United Nations Framework Convention on Climate Change (UNFCCC). Major points of the agreement include a […]

2015 GRESB Masterclass: Sustainability and Best Practices in ESG as a part of the AsiaPac Property Leaders Summit 2015 in Singapore

Paia recently attended the GRESB Masterclass held in Singapore. GRESB, an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) conducted a Masterclass. GRES, has a pivotal role in transforming the current landscape as more organisations develop a strong business case to incorporate sustainability in their operations. The […]

2015 – The Tipping Point for Meaningful Change?

The Paia team attended the Responsible Business Forum for Sustainable Development 2015 (RBF) held at Marina Bay Sands Convention Centre and Gardens by the Bay, 3 to 4 November 2015. The RBF saw over 600 business leaders, policy makers and NGOs from around the world gather to share innovative solutions for creating sustainable growth and […]

Green Freight Asia (GFA) Forum: Bringing Green Freight Practices to Scale

Green Freight Asia (GFA) held the Annual Forum in conjuncture with Responsible Business Forum for Sustainable Development from 2 to 4 November 2015 at Marina Bay Sands. The topic was Bringing Green Freight Practices to Scale and the discussion panel consisted of invited guests representing shippers (DHL, UPS), clients (IKEA, HP, Heineken) and NGOs (Clean […]

Congratulations to our clients Keppel Land and CDL

Congratulations to our clients Keppel Land and City Developments Limited (CDL) for winning the prestigious Sustainable Business Awards Singapore 2015! Keppel Land Limited won in the category ‘Strategy & Sustainability Management’. CDL received the award for its performance in the category ‘Land Use, Biodiversity and Environment’.

Congratulations to our clients: MPA, Sembcorp Industries and CDL

Paia congratulates our client Maritime & Port Authority (MPA) on winning the Singapore Sustainability Awards 2015 (Large Enterprise Category). The Singapore Sustainability Awards, initiated by the Singapore Business Federation in 2009, recognise organisations for their outstanding sustainable business practices. Congratulations also to our clients Sembcorp Industries and City Developments Limited (CDL) for winning the Most […]

Lianhe Zaobao reports on Sustainability Reporting

Paia Consulting was featured in Lianhe Zaobao Finance (联合早报 – 财金) on Monday, October 12, 2015. The half-page spread drew on Paia’s in-house research on sustainability reporting, and insights from Wong Dan Chi, our Senior Consultant. The reporter wrote that following the recent issues with transboundary haze, it is expected that more investors and members […]

Haze and Sustainable Procurement

The haze has hit down hard on Singapore and is affecting us all this month. This has led to a rapid expansion in public awareness on the issue and a movement such as X The Haze towards only using sustainable paper and palm oil products. Furthermore, the Singapore Environment Council (SEC) and the government are […]

Banks in Singapore to Implement Responsible Financing

Banks in Singapore will for the first time be expected to disclose environmental, social and governance (ESG) policies for financing, under new industry guidelines set by the Association of Banks in Singapore (ABS) to advance responsible financing. ESG aspects include greenhouse gas emissions, labour standards and corporate integrity, which are indicators of sustainability and ethical […]

The difference between Sustainability and Integrated Reporting

With the recent Singapore Exchange (SGX) consultation on its proposed “comply or explain” regulation to Sustainability Reporting, and an increasing number of companies locally producing Sustainability Reports, we felt there’s a need to clarify the difference between Sustainability Reporting and Integrated Reporting.

50% of Straits Times Index companies produce GRI-level sustainability reports

As of 12 May 2015, 50% of top 30 companies in Singapore by market capitalisation, which forms the Straits Times Index, produce sustainability reports in accordance with Global Reporting Initiative (GRI). GRI is the most established sustainability reporting guideline internationally, and is cited as a recommended guideline in the Guide to Sustainability Reporting issued by Singapore Exchange […]

Best practice for sustainable business growth at the 1st Responsible Business Summit Asia

With about 100 registered participants from Singapore, Hong Kong and China, India, Japan, the Philippines, Sri Lanka, Thailand, Australia, Europe and the US, the first Responsible Business Summit Asia initiated discussions between representatives from corporations, academia, press, non-for profit as well as some government agencies. It was organised by the Ethical Corporation on 6-7 May […]

SGX Targets Mandatory Sustainability Reporting for FY2017

Update (21st June 2016) SGX launches Comply or Explain Sustainability Reporting Update (5 Jan 2016): SGX releases Consultation Paper. Read more here. On the 6th of May 2015, the Singapore Exchange (SGX) announced plans to implement sustainability reporting on a ‘comply or explain’ basis. Under this regime, companies that do not follow SGX’s guidelines will be expected […]

Launch of the Singapore Sustainability Label

The Singapore Business Federation (SBF) has launched the Singapore Sustainability Label to enable organisations to benchmark their sustainability business practices. Companies can apply to be accredited any time throughout the year and may reach Bronze, Silver, Gold or Platinum status depending on their sustainability performance. The Label aims at recognising excellence in the community of […]

SGX to mandate ‘comply or explain’ approach to Sustainability Reporting in the near future

17 October 2014 Reported from the Singapore Compact CSR Summit 2014 by Gillian Lim, Paia Consulting The Singapore Exchange (SGX) announced that it will be enforcing a “comply or explain” approach to Sustainability Reporting in the near future, and hinted that may shift to fining companies for non-compliance further down the line. The announcement came […]

Sustainalytics ESG Research Now Available on Bloomberg

Source: Sustainalytics Press Release, 27 May 2014. http://www.sustainalytics.com/sustainalytics-esg-research-now-available-bloomberg Toronto – May 27, 2014 – Today, Sustainalytics announces that its environmental, social and governance (ESG) research assessments are now available to the more than 320,000 subscribers of the Bloomberg Professional service. As a third-party ESG research provider, Sustainalytics will offer clients that subscribe to both platforms access […]

Thomson Reuters launches ESG tool

Thomson Reuters have joined the ranks of information providers for investors to provide extensive sustainability, or Environmental, Social and Governance (ESG), data. The Thomson Reuters Corporate Responsibility Ratings (TRCRR) ESG Portal was launched in April 2014. It reviews about 225 key performance indicators and more than 500 data points. The TRCRR ESG Portal “affixes ESG ratings […]

BT reports ‘More companies providing sustainability reports’

The Business Times, Thursday, August 1, 2013 Paia Consulting was featured in Business Times article reviewing the sustainability reporting scene. The article reported the rapid growth of sustainability reports published, and also highlighted CapitaLand’s savings from their sustainability strategy. Read about the list of GRI reports in Singapore and Malaysia here. Explore our site to […]

GRI Reports in Singapore and Malaysia

Sustainability reporting Sustainability reporting, or corporate responsibility reporting, enables organisations to report on their environmental, social and governance information beyond the scope of traditional financial reporting. Parts of it will be familiar to organisations in Singapore and Malaysia already, such as reporting safety statistics, human resource practices and environmental management systems. Community investments are also […]

GRI G4 Guidelines released at GRI Conference 2013

27 May 2013 Global Reporting Initiative (GRI), the leading global sustainability reporting framework, has released its fourth iteration G4 at the GRI Conference 2013 in Amsterdam. Paia was represented by our Director Carrie Johnson. There are two parts in G4 Guidelines. Users should begin with Part 1, which elaborates on the Reporting Principles and Standard Disclosures, […]

Rio+20: Themes, Priority Areas and Conclusion

Rio+20 is a short name for the United Nations Conference on Sustainable Development that took place in Rio de Janeiro, Brazil last 20-22 June 2012. The date marks the 20th anniversary of the United Nations Conference on Environment and Development (UNCED) held in Rio de Janeiro and the 10th anniversary of the World Summit on Sustainable Development (WSSD) […]

National Climate Change Strategy (NCCS) Document 2012

Launched on 14 June 2012 by Mr Teo Chee Hean, Deputy Prime Minister at the National Climate Change Youth Conference in Singapore, the NCCS 2012 outlines Singapore’s strategy and plans to address climate change. The National Climate Change Secretariat developed NCCS in collaboration with the Inter-Ministerial Committee on Climate Change and with inputs from private and public groups. The […]

SGX/MAS revises Code of Corporate Governance

On 2 May 2012, Singapore Exchange (SGX) & Monetary Authority of Singapore (MAS) released the new Code of Corporate Governance, which formally incorporates sustainability considerations into governance. 1.1(f) The Board’s role is to consider sustainability issues, e.g. environmental and social factors, as part of its strategic formulation. View the full Code of Corporate Governance here

SGX launches Guidelines to Sustainability Reporting

On 27 Jun 2011, Singapore Exchange (SGX) launched Guidelines to Sustainability Reporting, following a public consultation in Aug 2010 over accountability for conducting businesses in a sustainable manner. SGX’s Malaysia counterpart, Bursa Malaysia, has made CSR mandatory reporting for listed companies four years ago. Hong Kong is also looking at its reporting guide. In SGX […]

WWF ADB Asia Pacific Study 2012

Supplementary to the recently launched WWF’s Living Planet Report 2012, WWF and ADB have collaborated to produce a Ecological footprint and Investment in Natural Capital in Asia and the Pacific Report.

SGX/MAS revises Code of Corporate Governance

On 2 May 2012, Singapore Exchange (SGX) & Monetary Authority of Singapore (MAS) released the new Code of Corporate Governance, which formally incorporates sustainability considerations into governance. 1.1(f) The Board’s role is to consider sustainability issues, e.g. environmental and social factors, as part of its strategic formulation. View the full Code of Corporate Governance here