Biz Sch News 19 October 2015

CGIO partners with ASEAN CSR Network for key study on sustainability reporting

Associate Professor Lawrence Loh (sixth from the right, front row) with Mr Thomas Thomas, CEO of ASEAN CSR Network (fifth from the right, front row) with the student team.

Associate Professor Lawrence Loh (sixth from the right, front row) with Mr Thomas Thomas, CEO of ASEAN CSR Network (fifth from the right, front row) with the student team.

The Centre for Governance, Institutions and Organisations (CGIO) is joining forces with the ASEAN CSR Network to undertake a study on sustainability reporting in Singapore.

This research project is especially relevant given that Singapore Exchange (SGX) hopes to get companies to ‘comply or explain’ when it publishes its guidelines on sustainability reporting, likely by Financial Year 2017.

A previous sustainability study in 2014 by NUS Business School showed that out of the 537 companies listed on the SGX, only 160, or 29%, reported to some extent the governance, economic, environmental and social aspects of their business activities. Moreover, out of the 137 companies categorised as ‘high impact’ defined under SGX’s guidelines, only 44 companies, or 32.1%, had voluntarily provided information on sustainable practices and activities.

Associate Professor Lawrence Loh, Director of CGIO, will be working with a team of 18 students from the BBA Honours Programme.

In addition to the study of companies listed on the SGX mainboard, the non-financial reporting study will also include the state of sustainability reporting of companies listed in Malaysia and Thailand.