12 Jul 2016   

ISCA CEO, Mr Lee Fook Chiew, was interviewed by The Business Times on the question of "What challenges and/or opportunities do you see in sustainability reporting?" This is what he has to share:

SGX’s “comply or explain” sustainability reporting requirements have become a major priority among businesses.  While the new requirements are a step in the right direction towards greater corporate transparency, as well as stronger stakeholder engagement and communication, the real challenge lies in gathering sufficient momentum to engender widespread adoption of  sustainable business practices. 

Sustainability reporting is an area of priority for ISCA.  We  have set up our Corporate Reporting Committee to focus on issues in implementing sustainability reporting.  Our initiatives to educate preparers include an upcoming joint forum with SGX on sustainability reporting and a quality framework to provide guidance on its effective implementation. 

- Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants (ISCA)

The interview was first published in "Views From the Top" in The Business Times on 11 July 2016