Harnessing the power of Singapore fintech to drive sustainability
New regulations for data and mandatory reporting are acting as a catalyst for making the country a regional ESG hub, a key topic at this week's Singapore Fintech Week.
Tekef
November 14, 2023
Sustainability is one of the most pressing issues facing the world today and is ever more critical for Asia as the region houses five of the world's largest greenhouse gas emitters, accounting for 45% of global emissions.
At the same time, the fintech sector continues to grow and thrive, with Singapore as one of the primary global hubs in this space.
Optional to mandatory
Within the global transition towards standardised ESG disclosure, 29 countries maintain some degree of mandatory ESG reporting. Singapore is also considering mandatory climate reporting for listed companies by FY 2025 and large non-listed companies NLCos with S$1...
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