Assists in Internal Review

As regulatory landscapes continue to evolve, organisations face increasing expectations to incorporate robust review processes into their operations. Recent updates to rules and regulations of the Singapore Exchange (SGX) now emphasise the inclusion of internal reviews, which ensure compliance, enhance transparency, and build stakeholder trust.

Recently, GreenCo had the opportunity to assist an SGX-listed company in navigating its internal review process. By providing tailored guidance and expertise, we helped the company to ensure data completeness and credibility of its sustainability report while meeting the heightened regulatory requirements.

At GreenCo, we are committed to supporting businesses in navigating these complexities by leveraging our deep industry knowledge and proven methodologies. Contact us today to learn more about our services and how we can assist your business in achieving its regulatory and operational objectives.

ESG Training for SGX Listed Company

Following the enhanced sustainability reporting requirements announced by the Singapore Exchange (SGX), companies are required to report on relevant information with more in-depth disclosures, thus increasing back-end work to be done. Understanding that the new requirements can be puzzling for companies that are relatively new to sustainability reporting, GreenCo is dedicated to assisting companies to walkthrough the journey of sustainability reporting by arranging relevant training sessions.

Recently, GreenCo successfully conducted a comprehensive training workshop for a company group that has multiple entities listed on SGX.  This workshop aimed to enhance the companies’ understanding and awareness of sustainability and related issues, equip them with the knowledge and skills to align with the ISSB standards, and provide insights into industry best practices. Throughout the workshop, we navigated across the key elements of the enhanced reporting requirements, such as climate-related risks and opportunities, scenario analysis, as well as Scope 3 Greenhouse Gas emissions.

GreenCo is committed to supporting companies on sustainability reporting and ensuring compliance with relevant regulations. Contact us for more information on how we can help you to achieve sustainability through our training and advisory services.

1% Market Share in SGX Sustainability Reporting

GreenCo, a leading ESG advisory firm with ISO 9001 accreditation in ESG Reporting and Climate Policy Advisory Services, has achieved a key milestone by securing over 1% of the market share in Sustainability Reporting for SGX-listed companies. With an established presence in Singapore, GreenCo plays a vital role in helping companies navigate Singapore’s evolving ESG regulatory landscape.

This achievement underscores GreenCo’s pivotal role in guiding SGX-listed companies through Singapore’s stringent regulatory landscape for ESG disclosures, offering tailored solutions that go beyond mere compliance to drive sustainable performance.

With rising global and local demand for transparency, GreenCo has responded by providing SGX-listed companies with a suite of tailored services designed to elevate their Sustainability reporting and compliance capabilities.

Core Services Driving GreenCo’s Market Share Growth

GreenCo is committed to provide clients with ESG reporting and climate policy consulting services with the highest quality. We prioritise to meet clients’ goals and expectations while fulfilling to the requirements of the regulatory bodies on sustainability. It is encouraged for companies to get ready earlier for the new mandatory climate-related disclosures. Should you wish to learn more about our services to help enhance your success on sustainability, please do not hesitate to contact us.

GreenCo recently completed a Sustainability Report for a technological company listed in Singapore with subsidiaries across the Southeast Asia according to the latest amendments on providing climate-related disclosures announced by the SGX Group. Since this is the first time for the company to report on climate relevant information, we helped our client to enhance their information disclosure, such as Scope 1 and Scope 2 Greenhouse Gas (GHG) emissions, according to the phased approach as suggested by the SGX. Other than taking up recommendations as suggested by the Task Force on Climate-Related Financial Disclosures (TCFD), we assisted our client in preparing the report with reference to the latest Global Reporting Initiative (GRI) Standards 2021 as well.

In addition to reporting frameworks, we also refined and conducted a materiality assessment for the company to determine the significance of ESG issues, thus set a threshold for identifying the most material ESG issues to the company.

Understanding the importance of closely following the latest changes on reporting requirements, we are glad to assist our clients to report comprehensively on its sustainability performance and be well-equipped to face the changes and challenges brought by climate change.

The SGX Group has amended the listing rules to require issuers to provide climate-related disclosures in the sustainability report from the financial year commencing in 2022 based on the recommendations from the Task Force on Climate-Related Financial Disclosures (“TCFD”) on a “comply or explain” basis. GreenCo is glad to support SGX listed clients on establishing policy, framework and roadmap to achieve full compliance in three years under phased approach. Our qualified assurance team also provide value added services on external assurance based on ISAE 3000 acceptable to SGX.

Having proven track records in helping a lot of public companies in Hong Kong to comply with ESG reporting requirements and the enhanced requirements on climate disclosures following TCFD’s recommendations, GreenCo is leading advantage in serving companies listed on both HKEx and SGX.

Reference: https://rulebook.sgx.com/rulebook/practice-note-76-sustainability-reporting-guide