25 Apr 2017
ISCA CEO, Mr Lee Fook Chiew, was quoted in The Business Times on the question of "What aspects of life and business in Singapore are least environmentally-friendly? How might green technologies and/or jobs help? " This is what he has to share:
There are certain aspects in which Singapore can be more environmentally-friendly, for instance in reducing the use of styrofoam packaging. Nevertheless, Singapore is doing well in other areas, such as the development of green buildings and the move by Singapore Exchange (SGX) to mandate all listed companies to publish sustainability reports on a comply or explain basis. Sustainability reporting is an impetus for sustainable practices. It requires businesses to be conscious and mindful of the need to have sustainable business practices; and provides a more level playing field from increased transparency in these areas among listed companies. The accountancy profession holds an important role in the sustainability reporting eco-system, with CFOs being pivotal in spearheading quality sustainability reports in their organisations. With this in mind, ISCA established the Corporate Reporting Committee in 2016 to work with stakeholders, including SGX, to champion, and provide guidance on the adoption of, sustainability reporting.
It was first published in "Views From the Top" in The Business Times on 24 April 2017.
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