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.

ENSURING CORPORATE GOVERNANCE AND BUSINESS CONTINUITY

We have in place a Business Continuity Plan that ensures our operations remain resilient in the event of unforeseen incidents. Key business personnel from our Firm have also undergone Business Continuity training with an accredited organisation. 

Our Business Continuity Plan includes communication protocols for informing internal and external stakeholders, ensuring that they are provided with clear and accurate updates on any incident.

 

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 MAS publishes guidelines for financial institutions to manage transition and physical risks from climate change
2 What companies must know to stay ahead of transition risks
3 Singapore and Vietnam sign Implementation Agreement on carbon credits collaboration
4 Singapore to contract high-quality nature-based carbon credits from four projects in Ghana, Peru, and Paraguay
5 ACRA and SGX RegCo extend timelines for most climate reporting requirements
6 Identifying and managing risks in the supply chain through a robust legal framework
7 Key outcomes from COP29 and Singapore's commitments
8 LTA and NEA to continue incentivising adoption of cleaner energyvehicles, with empahsis on electric vehicles
9 New Singapore Emission Factors Registry for more accurate reporting of carbon emissions
10 The Legal Character of Voluntary Carbon Credits: A Way Forward
11 COP28: Impact on Singapore and Southeast Asia
12 Singapore publishes eligibility list for international carbon credits under carbon tax regime
13 MAS consults on proposed guidelines for financial institutions on transition planing for a net zero economy
14 Singapore sets eligibility criteria for international carbon credits under carbon tax regime
15 Upscaling Carbon Markets Across APAC: Commentary and recommendations
16 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
17 COP27: Impact on Singapore and Southeast Asia
18 Bill to amend Carbon Pricing Act 2018 passed to increased carbon tax rates, introduce industry transition framework and option to use eligible international credits
19 Bill introduced to amend Carbon Pricing Act 2018: Increase in carbon tax, industry transition framework and option to use eligible international carbon credits
20 MSE consults on proposed increase in carbon tax and option to use eligible international carbon credits in draft Carbon Pricing (Amendment) Bill
21 Energy(Resilience Measures and Miscellaneous Amendments) Act 2021 partially in force from 29 January 2022
22 MAS consults on proposed guidelines for financial institutions on transition planning for a net zero economy
23 The Energy Mergers and Acquisition Review (3 Ed, 2021)
24 COP26: Commitments from Singapore and the region
25 Energy(Resilience Measures and Miscellaneous Amendments) Bill passed, MTI and EMA issue response to feedback on draft Bill
26 EMA launches new Singapore Standard for Renewable energy Certificates, explores geothermal energy
27 The journey to low carbon transition: An introduction to carbon pricing
28 Transition to low-carbon electricity generation sources: Consultation on energy(Resilience Measures and Miscellaneous Amendments) Bill
29 Vietnam's new Law on Environmental Protection partially in force from 1 February 2021
30 Practical Law energy and Natural Resources Global Guide - Oil and Gas Regulation in Singapore: Overview
31 Corporate Governance & Ethics
32 Identifying and managing risks in the supply chain through a robust legal framework
33 Lease Agreements for Retail Premises Act 2023 to take effect from 1 February 2024
34 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
35 Bill introduced to mandate compliance with Code of Conduct for Leasing of Retail Premises for qualifying retail premises in Singapore
36 Singapore and Australia sign green economy agreement to advance trade and environmental sustainability
37 MTI seeks feedback on proposed legislation to mandate compliance with Code of Conduct for Leasing of Retail Premises in Singapore
38 The Corporate Governance Review (12th Ed, 2022)
39 MAS issues revised corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
40 MAS consults on proposed digital platform for Fis to share information to counter money laundering, terrorism financing and proliferation financing
41 SGX RegCo expands enforcement powers and mandates issuers to have whistleblowing policy
42 MAS proposes to refine tier structure requirements and introduce new remuneration requirements for financial advisory industry
43 MAS consults on proposed AML/CFT notices for cross-border business arrangements of capital markets intermediaries under proposed exemption frameworks
44 MAS consults on revisions to corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
45 The Corporate Governance Review (11th Ed, 2021)
46 Singapore-Indonesia Bilateral Investment Treaty enters into force
47 The International Comparative Legal Guide to Anti-Money Laundering 2020
48 Global Legal Insights to Bribery & Corruption 2020
49 Digital & Cyber Risk Management
50 Framework in Onilne Criminal Harms Act 2023 for codes of practice and directives to counter scams and malicious cyber activities in force
51 Online Criminal Harms Bill passed to enable authorities to deal more effectively with criminal online activities
52 Legislation to tackle harmful content on online services accessible to users in Singapore in force
53 Korea-Singapore Digital Partnership Agreement enters into force
54 Bill passed to tackle harmful content on online services accessible to users in Singapore
55 Bill introduced to tackle harmful content on online services accessible to users in Singapore
56 Singapore and Malaysia to deepen cooperation in digital economy and green economy
57 Digital Economy Partnership Agreement in force for Singapore and New Zealand from 7 January 2021
58 General ESG
59 Q3 2023 Review: Key ESG and public policy developments in Singapore
60 Q1 2023 Review: Key ESG and public policy developments in Singapore
61 FTAs in times of economic uncertainty: A quick guide on utilising Singapore's FTAs for business opportunities
62 Q4 2022 Review: Key ESG and public policy developments in Singapore
63 Q3 2022 Review: Key ESG and public policy developments in Singapore
64 Q2 2022 Review: Key ESG and public policy developments in Singapore
65 Singapore's Green Plan: Overview of support measures and grants for sustainable developments
66 Q1 2022 Review: Key ESG and public policy developments in Singapore
67 Budget 2022: Key highlights
68 2021 in Review
69 Singapore Institute of Directors Conference 2021: The Dawn and Permanence of ESG - Why It Matters
70 Key insights on initiatives and developments from the National Day Rally Speech 2021
71 A Greater Impact: A Guide to ESG in Singapore
72 Emerging Stronger Taskforce publishes recommendations for a virtually unlimited and sustainable Singapore post-Covid-19 economic environment
73 An overview of developments in ESG and public policy in Q1 2021. Topics covered: Manufacturing, International investment, Cybersecurity, 5G solutions, Sustainability
74 Budget 2021: Key highlights
75 Q4 2020 Review: Five key public policy developments in Singapore
76 Social Responsibility & Human Capital
77 Environmental Public Health (Amendment) Bill passed to implement Progressive Wage Model for waste management sector and revise cleaning business licensing framework
78 Code of practice on chief executives' and board of directors' WSH duties launched, to be gazetted by October 2022
79 New sentencing framework for employers under the Workplace Safety and Health Act 2006
80 Practical Law Employment Litigation and Timelines
81 MOM announces upcoming changes to Employment Pass eligibility
82 Practical Law Employment and Employee Benefits Global Guide - Employment and employee benefits in Singapore
83 Practical Law Regulation of State and Supplementary Pension Schemes in Singapore
84 Sustainability Reporting, Disclosures & Ratings
85 Essential best practices to mitigate greenwashing
86 GAIL Asia Pacific Impact Lawyers Journal: Impact Law in the Region
87 What greenwashing risks mean for legal and risk management professionals
88 IFRS Sustainability Disclosure Standards to be incorporated into SGX climate reporting rules from FY2025
89 SGX RegCo issues consultation paper on incorporation of ISSB standards in sustainability reporting
90 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
91 MAS publishes code of conduct for providers of ESG rating and data products
92 Study on greenwashing in online marketing finds use of vague environmental claims and confusing technical jargon
93 ACRA, SGX RegCo consult on Sustainability Reporting Advisory Committee recommendations: Mandatory climate reporting for listed and large non-listed companies
94 SID Directors Conference 2022: Navigating greenwashing in ESG
95 ACRA and SGX RegCo establish committee to advise on sustainability reporting roadmap for Singapore-incorporated companies
96 SGX mandates climate and board diversity disclosures
97 SGX consults on mandatory climate and board diversity disclosures
98 MAS releases inaugural Sustainability Report to chart strategy on climate resilience and environmental sustainability
99 Sustainable Finance
100 MAS releases fourth GFIT taxonomy consultation paper: Coal phase-out criteria under Singapore-Asia taxonomy
101 Green Finance Industry Taskforce launches third consultation on green and transition taxonomy
102 SGX launches initiative to recognise sustainable fixed income
103 Singapore and China agree 19 MOUs and seek to strengthen cooperation in green finance and capital markets
104 MAS issues circular on disclosure and reporting guidelines for retail ESG funds effective from 2023
105 Singapore Green Bond Framework introduced for issuance of sovreign green bonds
106 Green Finance Industry Taskforce consults on second version of green and transition taxonomy
107 Green Finance Industry Taskforce launches guide for climate-related disclosures and framework for green trade finance