Monetary Authority of Singapore (MAS)’s Post

While most corporations in most countries have #netzero targets, just 51% of corporates in the study disclose them. Furthermore, while Scope 1 and 2 emissions declarations are well established, Scope 3 emissions disclosures remain poor. Scope 3 emissions are crucial to understand and mitigate, and they can facilitate in the overall decrease of emissions in the ecosystem. Learn more in our latest sustainability reporting study: https://lnkd.in/gYebAD9N NUS Business School Ivy Kuo Eu-Lin Fang #PwCAsiaPacific #TheNewEquation #SustainabilityReporting #SustainabilityStandards #RiskandRegs #ClimateRisk #NetZero #Scope3 #TCFD #SustainabilityAssurance #SustainabilityUpskilling

With the recent announcement on key developments in sustainability reporting requirements in Singapore, how should businesses navigate the sustainability reporting landscape? CLA Global TS has summarised the key amendments to sustainability reporting requirements and the support available to help companies prepare for their first sustainability report. At CLA Global TS, our Sustainability and Climate Change team has assisted clients in optimising their sustainability programmes and developing their sustainability report. For clients with an international footprint, our global network is also ready to support you in your sustainability requirements to ensure a seamless and connected experience. Speak to our Sustainability Advisory Specialists Pamela Chen and Maria T. today! #ESG #Sustainability #Climatechange #CLAGlobalTS Read more: https://lnkd.in/g_VFwhyW

What makes sustainability reports easy to understand and navigate https://lnkd.in/dXaJzxW8

MAS' Sustainability Report 22/23 details how sustainability is integrated across MAS’ functions to develop a climate resilient financial sector; a vibrant sustainable finance ecosystem; a sustainable organisation; and a climate resilient investment portfolio. Among the key actions MAS has taken has been to allocate about 2% of our portfolio to a Climate Transition Program, which we will scale up over time with better understanding. Read the report here: https://lnkd.in/gij5mBnP

What makes sustainability reports easy to understand and navigate https://lnkd.in/dXaJzxW8

The global sustainable investment has now surpassed $30 trillion, marking a 68% increase since 2014. Due to the pressure on businesses from investors, customers, and regulators to proactively and transparently address sustainability issues, the global sustainable investment is continually increasing. 📈 According to the UN Intergovernmental Panel, approximately 3.3 to 3.6 billion people fall into the category of being "highly vulnerable to climate change." As we have seen this year, environmental effects like heatwaves, floods, and a significant risk of food shortages have been seen across the whole world. The climate crisis is a matter of paramount global concern, and companies that do not demonstrate environmental responsibility face the potential loss of opportunities. 💼 As much as achieving net-zero emissions goals may displace millions of jobs, these losses are expected to be outweighed by the creation of new employment opportunities in green sectors such as renewable energy. 🌱 Source: Forbes, McKinsey. #Synnovate #ESG #Sustainability #NetZero #Renewable #IndustryNews

Accelerating the Transition: #ENGIE AMEA Launches Third Sustainability Report, Reinforcing Commitment to a Carbon-Neutral World.   This report is key to our overall commitment to accelerating the #energytransition and our progress in fulfilling our ambitious #ESG targets.   Check out our report below: https://lnkd.in/dqbe3v2y #wuthENGIE #sustainability #netzerocarbon

In our ongoing commitment to advancing sustainable finance in Singapore, SMU Sustainable Investment Club (SMU SI) is pleased to present the inaugural article as part of our new SI Digest series, “COP28 Takeaways and What’s In It for Singapore”. Within these pages, we delve into the key takeaways from COP28 and analyse the implications on Singapore's sustainable investment landscape.    Our article navigates through significant developments, including the operationalisation of the climate change adaptation Loss and Damage Fund and the ground-breaking commitments made by oil and natural gas producers. We delve deep into the intricacies of these transformative agreements, shedding light on their potential impact.    Furthermore, our analysis extends to Singapore's position on climate action, examining noteworthy initiatives announced during COP28 such as Financing Asia’s Transition Partnership (FAST-P), Singapore-Asia Taxonomy, and Transition Credits Coalition (TRACTION). A heartfelt gratitude goes out to our incredible authors, Jorden Lim from Terra-X and SMU SI’s Research Director, Clive Tan, for infusing this article with unparalleled enthusiasm and insightful perspectives. This piece stands as a testament to our commitment to fostering informed discourse on sustainable finance, as we collectively navigate the evolving landscape of global sustainability initiatives.    Eager to find out more? Click the link below to access the full article and feel free to share your valuable thoughts in the comments section. Stay tuned for our next insightful article coming soon!  https://lnkd.in/gB5n2suv #SMUSustainableInvestment #COP28 #SMUSI #SIDigest #SustainableInvestment 

UN’s General Assembly celebrated the first-ever Sustainability Week in April. Discussions were focused on a series of high-level events aimed at advancing sustainable practices and addressing pressing global challenges. Some key highlights and discussions from the Sustainability Week: April 15: A high-level thematic debate on debt sustainability and socioeconomic equality, focusing on the impact of surging debt on countries’ development trajectories. April 16: A high-level event on tourism, addressing unsustainable practices within the industry and launching a statistical framework for measuring sustainability. April 17: A high-level meeting on sustainable transport, emphasizing its importance in achieving several Sustainable Development Goals (SDGs). April 18: An informal dialogue on building global resilience and promoting sustainable development through infrastructure connectivity. April 19: A global stock-taking on sustainable energy, reflecting on progress and shortcomings over the UN Decade of Sustainable Energy for All 2014-2024 and launching a call to action to accelerate the implementation of SDG 7 on affordable and clean energy. The Choose Sustainability campaign took center stage, urging stakeholders to commit and embrace sustainable practices. Dennis Francis, the President of the General Assembly, called on all permanent missions, stakeholders, and the media to pledge their support for sustainability, declare it on social media, and adopt sustainable practices. If you get to the bare bones of sustainability practices, especially within the domain of the Environment, the journey begins with measuring the carbon footprint. Join us in the second session as we explore ESG and the relevant reporting frameworks. Please register using the link: https://lnkd.in/d_mnaNeR #ESG #ESGreporting #Sustainability

One of the areas I have taken keen interest in over the years is the subject of sustainability. @the 3i Africa Summit this morning, one of the topics being discussed is Transition to Our Future: ESG Solutions for Businesses and Individuals as a Driver of the Transition to a Green Economy Post-COP28.