The International Organisation for Standardisation defines corporate policy as “intentions and direction of an organization as formally expressed by its top management”. As sustainability has been given more attention from stakeholders, it is of paramount importance for decision-makers and top leaders of the company to consider setting up appropriate sustainability policies within the organisation as soon as possible. The Singapore Exchange (SGX) has been requiring its issuers to include their Policies, practices and performance as part of the Primary components of Sustainability Reporting since July 2016.
Specifically, the Guide states that “The sustainability report should set out the issuer’s policies, practices and performance in relation to the material ESG factors identified, providing descriptive and quantitative information on each of the identified material ESG factors for the reporting period. Performance should be described in the context of previously disclosed targets.” (https://rulebook.sgx.com/node/6532/revisions/26002/view)

Tailor-made policies that drive you to standardise daily operations and strategic planning

Phase 1

Sustainable Development Goals (SDGs) Alignment – understanding the SDGs, defining priorities, setting targets, integrating with business and reporting on the progress

Phase 2

With reference to the indicators from five leading voluntary reporting framework – CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB)

Phase 3

Incorporate climate-related risk mitigation into risk management and corporate policies according to Task Force on Climate-Related Financial Disclosures (TCFD) recommendations

Phase 4

Re-vitalise the business purpose with sustainability vision through company-wide culture development

Phase 5

Learn, identify and prioritise suitable sustainable business strategies with commercial viability

Phase 6

Record, compile and integrate the well-established procedures in the format of an in-depth policy that touches on all material operations of the company in relation to sustainability

Phase 7

Continually improve the suitability, adequacy and effectiveness of the sustainability policy and corresponding management system

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