OUR COMMITMENT TO SUSTAINABILITY & ESG

FIRST SINGAPORE LAW FIRM TO BECOME A SIGNATORY MEMBER OF THE UNGC

As a signatory member of the United Nations Global Compact (UNGC), we align strategies, culture and day-to-day operations of our Firm with globally recognised frameworks such as the UNGC’s Ten Principles on human rights, labour, environment and anti-corruption, and engage in collaborative projects which advance the broader development goals of the United Nations, particularly the Sustainable Development Goals (SDGs).

As part of our commitment to the UNGC, we submit an annual Communication on Progress (COP) that describes our Firm’s efforts in support of the Ten Principles and the broader SDGs.

REDUCING OUR CARBON FOOTPRINT

We strive to be an excellent global citizen and recognise our responsibility to address environmental issues that would have adverse long-term effects on the earth’s ecosystems and the future of our communities. We have commissioned an international consultancy to undertake a rigorous and comprehensive assessment of our Firm’s carbon footprint and impact on greenhouse gas emissions, and map out our own sustainability roadmap ahead.

USEFUL RESOURCES

As part of our learning and sharing culture, we are pleased to share with you a collection of resources that have been specially curated by our Partners on the topic of ESG & Public Policy. These resources are targeted at helping you navigate the legal landscape of ESG, and how to pivot your company so that it may address any ESG related opportunities in its operations

The topic covered were selected by our ESG Partners based on current trends, frequently asked questions about ESG and feedback from clients and range from understanding impact investing through green financing programmes, regulatory issues on climate change, implementing in-house ESG programmes, to sustainable construction and green buildings.

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ARTICLES

No. Titles
1 Key outcomes from COP29 and Singapore’s commitments
2 What greenwashing risks mean for legal and risk management professionals
3 IFRS Sustainability Disclosure Standards to be incorporated into SGX climate reporting rules from FY 2025
4 LTA and NEA to continue incentivising adoption of cleaner energy vehicles, with emphasis on electric vehicles
5 Framework in Online Criminal Harms Act 2023 for codes of practice and directives to counter scams and malicious cyber activities in force
6 New Singapore Emission Factors Registry for more accurate reporting of carbon emissions
7 SGX RegCo issues consultation paper on incorporation of ISSB standards in sustainability reporting
8 ACRA, SGX RegCo respond to feedback from consultation on Sustainability Reporting Advisory Committee recommendations: Mandatory climate reporting for listed issuers and large non-listed companies
9 COP25: Impact on Singapore and South-east Asia
10 Singapore publishes eligibility list for international carbon credits under carbon tax regime
11 MAS publishes code of conduct for providers of ESG rating and data products
12 Lease Agreements for Retail Premises Act 2023 to take effect from 1 February 2024
13 Study on greenwashing in online marketing finds use of vague environmental claims and confusing technical jargon
14 Q3 2023 Review: Key ESG and public policy developments in Singapore
15 MAS consults on proposed guidelines for financial institutions on transition planning for a net zero economy
16 Singapore sets eligibility criteria for international carbon credits under carbon tax regime
17 Carbon tax increase, industry transition framework and provisions allowing use of eligible international carbon credits to take effect 1 January 2024, among other upcoming developments
18 Bill passed to mandate compliance with Code of Conduct for Leasing of Retail Premises for qualifying leases of retail premises, expected to take effect in February 2024
19 MAS releases fourth GFIT taxonomy consultation paper: Coal phase-out criteria under Singapore-Asia Taxonomy
20 Online Criminal Harms Bill passed to enable authorities to deal more effectively with criminal online activities
21 Bill introduced to mandate compliance with Code of Conduct for Leasing of Retail Premises for qualifying retail premises in Singapore
22 ACRA, SGX RegCo consult on Sustainability Reporting Advisory Committee recommendations: Mandatory climate reporting for listed and large non-listed companies
23 Q1 2023 Review: Key ESG and public policy developments in Singapore
24 FTAs in time of economic uncertainty: A quick guide on utilising Singapore's FTAs for business opportunities
25 Environmental Public Health (Amendment) Bill passed to implement Progressive Wage Model for waste management sector and revise cleaning business licensing framework
26 Green Finance Industry Taskforce launches third consultation on green and transition taxonomy
27 Legislation to tackle harmful content on online services accessible to users in Singapore in force
28 Korea-Singapore Digital Partnership Agreement enters into force
29 Q4 2022 Review: Key ESG and public policy developments in Singapore
30 COP27: Impact on Singapore and South-east Asia
31 SGX launches initiative to recognise sustainable fixed income
32 Bill to amend Carbon Pricing Act 2018 passed to increase carbon tax rates, introduce industry transition framework and option to use eligible international credits
33 Bill passed to tackle harmful content on online services accessible to users in Singapore
34 Singapore and China agree 19 MOUs and seek to strengthen cooperation in green finance and capital markets
35 Q3 2022 Review: Key ESG and public policy developments in Singapore
36 Singapore and Australia sign green economy agreement to advance trade and environmental sustainability
37 SID Directors Conference 2022: Navigating greenwashing in ESG
38 Bill introduced to tackle harmful content on online services accessible to users in Singapore
39 Bill introduced to amend Carbon Pricing Act 2018: Increase in carbon tax, industry transition framework and option to use eligible international carbon credits
40 Code of practice on chief executives’ and board of directors’ WSH duties launched, to be gazetted by October 2022
41 Q2 2022 Review: Key ESG and public policy developments in Singapore
42 MAS issues circular on disclosure and reporting guidelines for retail ESG funds effective from 2023
43 Singapore and Malaysia to deepen cooperation in digital economy and green economy
44 MTI seeks feedback on proposed legislation to mandate compliance with Code of Conduct for Leasing of Retail Premises in Singapore
45 MSE consults on proposed increase in carbon tax and option to use eligible international carbon credits in draft Carbon Pricing (Amendment) Bill
46 New sentencing framework for employers under the Workplace Safety and Health Act 2006
47 ACRA and SGX RegCo establish committee to advise on sustainability reporting roadmap for Singapore-incorporated companies
49 Singapore’s Green Plan: Overview of support measures and grants for sustainable developments
50 Singapore Green Bond Framework introduced for issuance of sovereign green bonds
51 Green Finance Industry Taskforce consults on second version of green and transition taxonomy
52 Q1 2022 Review: Key ESG and public policy developments in Singapore
53 The Corporate Governance Review (12 Ed, 2022)
54 Practical Law: Employment Litigation and Timelines
55 MOM announces upcoming changes to Employment Pass eligibility
56 Budget 2022: Key highlights
57 Energy (Resilience Measures and Miscellaneous Amendments) Act 2021 partially in force from 29 January 2022
58 The Energy Mergers & Acquisition Review (3 Ed, 2021)
59 2021 in Review
60 SGX mandates climate and board diversity disclosures
61 COP26: Commitments from Singapore and the region
62 Energy (Resilience Measures and Miscellaneous Amendments) Bill passed, MTI and EMA issue response to feedback on draft Bill
63 MAS issues revised corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
64 EMA launches new Singapore Standard for Renewable Energy Certificates, explores geothermal energy
65 The journey to low carbon transition: An introduction to carbon pricing
66 MAS consults on proposed digital platform for FIs to share information to counter money laundering, terrorism financing and proliferation financing
67 Singapore Institute of Directors Conference 2021: The Dawn and Permanence of ESG - Why It Matters
68 A Greater Impact: A Guide to ESG in Singapore
69 Key Insights On Initiatives and Developments Following National Day Rally Speech 2021
70 Transition to Low-carbon Electricity Generation Sources: Consultation on Energy (Resilience Measures and Miscellaneous Amendments) Bill
71 SGX Consults on Mandatory Climate and Board Diversity Disclosures
72 Green Finance Industry Taskforce launches guide for climate-related disclosures and framework for green trade finance
73 Emerging Stronger Taskforce Publishes Recommendations for a Virtually Unlimited and Sustainable Singapore in a Post-Covid-19 Economic Environment
74 Q1 2021 Review - Five Key ESG and Public Policy Developments in Singapore
75 SGX RegCo Expands Enforcement Powers and Mandates Issuers to Have Whistleblowing Policy
76 MAS Proposes to Refine Tier Structure Requirements and Introduce New Remuneration Requirements for Financial Advisory Industry
77 MAS Releases Inaugural Sustainability Report to Chart Strategy on Climate Resilience and Environmental Sustainability
78 MAS consults on proposed AML/CFT notices for cross-border business arrangements of capital markets intermediaries under proposed exemption frameworks
79 MAS consults on revisions to corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
80 MAS revises Technology Risk Management Guidelines to combat heightened cyber risks
81 Singapore-Indonesia Bilateral Investment Treaty enters into force
82 Budget 2021: Key highlights
83 Q4 2020 Review: Five key public policy developments in Singapore
84 Digital Economy Partnership Agreement in force for Singapore and New Zealand from 7 January 2021
85 Vietnam’s new Law on Environmental Protection partially in force from 1 February 2021
86 The Corporate Governance Review (11 Ed, 2021)
87 The International Comparative Legal Guide to Anti-Money Laundering 2020: Singapore chapter
88 Practical Law Employment and Employee Benefits Global Guide – Employment and employee benefits in Singapore
89 Practical Law Regulation of State and Supplementary Pension Schemes in Singapore
90 Practical Law Energy and Natural Resources Global Guide: Oil and Gas Regulation in Singapore – Overview
91 Global Legal Insights to Bribery & Corruption 2020

RELEVANT RESOURCES

No. Titles
1 The Singapore Green Plan 2030
2 Monetary Authority of Singapore (MAS) Guidelines on Environmental Risk Management for Banks
3 SGX Guidelines on Sustainability Reporting
4 The Singapore National Climate Change Secretariat

PRE-RECORDED WEBINARS

No. Titles
1 Greenwashing of Assets and Financial Products: Navigating Risks and Liabilities of Investor Claims
2 ESG Across South-east Asia: Key Trends to Watch in 2022 and beyond
3 Navigating ESG-related Disclosures and Reporting: Obligations, Risks and Practical Tips on Benchmarking and Implementation
4 An Update on Anti-Bribery and Anti-Money Laundering Approaches: ESG Perspective
5 Living Green- Sustainability in Green Buildings and Construction
6 Disclosures and Environmental Risk Assessments- Impact of ESG on Financial Institutions
7 Towards a Sustainable Future: Understanding Green Finance, Sustainability-linked Finance and Reporting Requirements
8 Towards a Greater Impact: Public-Private Partnerships in Climate Change and Other Sustainability Initiatives
9 Climate Change- How It Affects Business