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Deloitte’s sustainability insights featured in the ISCA Journal

Adding Value Beyond Regulatory Compliance

Sustainability Reporting (SR) has been gaining traction in recent years as stakeholders are increasingly placing importance and demanding higher transparency on organisations’ performance beyond the financial outcomes. A Singapore Exchange (SGX) survey of institutional investors found that over 90% of respondents consider environmental, social and governance (ESG) factors when investing, and SR is a way for businesses to disclose their sustainability efforts to the various stakeholders. In support of this paradigm shift, SGX has announced that listed companies must issue a sustainability report on a “comply or explain” basis for financial years ending on or after 31 December 2017.

The five key primary components of SR, and the requisite actions by the listed companies, are:

  • Material ESG factors: Identify material ESG factors, provide reasons for their choice and describe the selection process;
  • Policies, Practices and Performance (3Ps): Provide disclosure on the 3Ps of the company in relation to each of the material ESG factors; 
  • Targets: Provide disclosure on targets regarding material ESG issues for the forthcoming year; 
  • Reporting Framework: Highlight the reporting framework used to guide the disclosure of relevant information on the ESG factors;
  • Board Statement: Statement from the board regarding their material sustainability issues and their role in determining, overseeing and monitoring those factors.


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