Climate Reporting – Directors, How Do You Respond?

Seminar
On 6 July 2023, ACRA and SGX RegCo issued a public consultation on the recommendations by the Sustainability Reporting Advisory Committee (SRAC) to advance mandatory climate reporting in Singapore. Companies are coming under increasing scrutiny to report climate-based targets and actions. The rapidly growing interest in ESG issues has led to a call for globally comparable and credible sustainability disclosures. Some advocacy groups are also moving from passive criticism to hands-on activism.

 
Join our distinguished speakers and panellists to explore:

  • How SRAC’s recommendations will impact directors’ roles and responsibilities.
  • What institutional investors are looking out for in climate-related disclosures.
  • How directors should approach their duties with respect to climate reporting.


Programme

9:30 am
Registration

10.00 am
Welcome and Opening Address by Ms Kuldip Gill

10.05 am
Public Consultation to Advance Climate Reporting in Singapore
The public consultation, “Turning Climate Ambition into Action in Singapore”, puts forward recommendations by the SRAC. It covers a wide range of issues including the profiles of companies required to report and by when, the reporting framework to be used, the assurance requirements and the legal responsibilities of company directors and/or officers.

Speaker: Ms Fang Eu-Lin


10.30 am
What Do Investors Look Out for in Climate-Related Disclosures?
Why are investors seeking climate-related disclosures from corporates? How are such issues incorporated in investment decisions and stewardship activity? What are some tips to making disclosures useful to investors?

Speaker: Mr Shinbo Won


10.50 am
The Heat is On – How Should Directors Respond to Climate Reporting?
As stakeholders continue to grapple with the evolution of sustainability and climate-related regulations, there are growing concerns as to how boards of directors choose to respond. Allegations of greenwashing are sometimes levelled against the way in which some companies respond. What are some of the global developments on greenwashing, including legal actions taken by advocacy groups against boards of directors? How should directors of Singapore companies think about their duty with respect to climate reporting, given the risk of litigation faced by directors in other jurisdictions?

Commentator: Mr Ng Wai King


Panel discussion
Moderator
Mr Helge Muenkel


Panellists
Ms Esther An
Mr Max Loh
Mr Ng Wai King
Mr Shinbo Won


11:55 am
Closing Address by Mr Tan Boon Gin

12:00pm
End of programme

CPD Hours : 2

Cost: Complimentary (Registration is required) 


SPEAKERS AND PANELLISTS



Kuldip Gill
Assistant Chief Executive, Accounting and Compliance Group, ACRA


Ms Kuldip Gill oversees the Accounting and Compliance Group that supports ACRA in developing a progressive and responsive regulatory regime as the regulator of business registration, financial reporting, public accountants and corporate service providers. She also leads ACRA’s involvement in the International Forum of Independent Audit Regulators (IFIAR), of which ACRA is a member of the IFIAR Board, serving as the Chair of the Human Resources and Governance Committee. Prior to joining ACRA, she was a partner in one of the Big Four firms in Singapore and was responsible for some of the quality aspects. Ms Gill is a member of the Institute of Chartered Accountants of Australia and a member of the Institute of Singapore Chartered Accountants.



Tan Boon Gin
CEO, SGX RegCo

Mr Tan Boon Gin joined SGX as Chief Regulatory Officer on 15 June 2015. He now heads Singapore Exchange Regulation, an independent regulatory subsidiary of SGX, which undertakes all front-line regulatory functions to promote a fair, orderly and transparent market. Before joining SGX, Mr Tan was the Director of the Commercial Affairs Department of the Singapore Police Force. Prior to this, he held several appointments at the Monetary Authority of Singapore including Director of the Enforcement Division, the Corporate Finance Division and Executive Director of the Investment Intermediaries Department. Mr Tan is an advocate and solicitor and holds degrees from the University of Cambridge and Harvard Law School. He was also awarded the Public Administration (Silver) Medal in 2010. 

 



Ng Wai King
Chairman and Managing Partner, WongPartnership LLP
Member, Governing Council, SID


Mr Ng Wai King is the Chairman and Managing Partner of WongPartnership LLP. An M&A and private equity lawyer, he has worked on a number of high profile and complex transactions including the proposed merger of the offshore marine businesses of Keppel and SembMarine; the restructuring by CapitaLand and CLA; the demerger of SembMarine from SembCorp Industries; the merger between Fraser Commercial Trust and Fraser Logistic & Industrial Trust; CapitaLand’s acquisition of Ascendas-SingBridge; privatisation of GLP by the Nesta consortium; Temasek’s privatisation of SMRT; Walmart’s acquisition of Flipkart in India; Blackstone’s acquisition of Croesus; KKR’s acquisition of Goodpack, Unisteel and MMI, and TCC/Thai Beverage’s takeover of F&N. He holds an LLB from NUS where he was awarded the AV Winslow Prize, and an LLM from Columbia University School of Law where he graduated as a Harlan Fiske Stone Scholar.

 



Shinbo Won
Member, SRAC
Managing Director, Head of Asia ex-Japan, BlackRock Investment Stewardship, BlackRock


Mr Shinbo Won is the Managing Director, Head of Asia ex-Japan, BlackRock Investment Stewardship, and a representative of the Investment Management Association of Singapore. Prior to joining BlackRock, he was Head of Asia ex-Japan Research at Institutional Shareholder Services, having led a geographically diverse team that provides proxy research and recommendations for more than 5,000 companies in 14 Asia-Pacific markets outside Japan, while overseeing the development of ISS' benchmark voting policies for those markets. Mr Won holds an MBA from the Haas School of Business, UC Berkeley, and BA Economics from Yonsei University.



Fang Eu-Lin
Member, SRAC
Partner and Sustainability and Climate Change Leader, PwC Singapore


Ms Fang Eu-Lin is a partner at PwC Singapore where she leads the Sustainability and Climate Change Practice and is a member of the wider PwC Global ESG Leadership team. She also drives the PwC Asia Pacific Centre for Sustainability Excellence. She helps clients strategise, implement, report and obtain assurance across a range of Environmental, Social and Governance issues. Ms Fang is a Singapore Chartered Accountant. She graduated with a Masters in Public Administration from Harvard Kennedy School, Harvard University, and is an alumnus of Harvard Business School.  




Esther An
Chairperson, SRAC
Chief Sustainability Officer, City Developments Limited


An active advocate for green building and sustainability, Ms Esther An has been instrumental in establishing CDL’s global leadership in sustainability since 1995. Pioneering sustainability reporting and green finance in Singapore, she is a prominent speaker and thought leader in sustainability. In recognition of her advocacy of UN Sustainability Development Goals (SDG), she was named 2018 SDG Pioneer for Green Infrastructure and A Low Carbon Economy by the UN Global Compact. Ms An serves on various boards of leading organisations, including the World Green Building Council and Global Reporting Initiative, and the Real Estate Advisory Committee of the UN Principles for Responsible Investment.



Helge Muenkel
Member, SRAC
Chief Sustainability Officer, DBS Bank


Mr Helge Muenkel is the Chief Sustainability Officer at DBS. He is responsible for developing DBS’ overarching sustainability framework and driving sustainability initiatives across the bank. He acts as Secretary to the bank’s Board Sustainability Committee, and chairs the Group Sustainability Council. Mr Muenkel also represents DBS in several global and regional working groups, is appointed as alternate director in Climate Impact X, and sits on the Impact Advisory Panel of the Asia Impact First Fund. He holds a Master’s Degree in Economics from Munich University (major in Developing Economics) as well as a postgraduate degree in sustainability from Cambridge University. He is also a CFA charter holder.
 



Max Loh
Member, SRAC
Treasurer, Governing Council, SID


Mr Max Loh was the EY Managing Partner for Asean, Singapore and Brunei until his retirement in July 2022. He led and managed the EY Asean, Singapore and Brunei business and operations, providing strategic leadership on market and people development. Max is currently the Chairman of the Competition & Consumer Commission of Singapore as well as a board member and Audit Committee Chair of Enterprise Singapore, Building & Construction Authority and SPH Media Holdings. He also serves in the capacity of Chairman of ISCA Cares (an IPC) and the Fair Tenancy Industry Committee, Council member of the Singapore Institute of Directors and CPA Australia as well as Member of the External Review Panel on Quality Assurance for Universities.




Registration
Please register online by 25 August 2023.

Course Enquiries
Email: [email protected]
Tel: (65) 6422 1188

 

Upon successfully enrolling for the course, you are deemed to have read and accepted SID’s Terms and Conditions.

Terms and Conditions for SID Courses/Events

When
30/08/2023 10:00 - 12:00
Malay Peninsula Standard Time
Where
SGX Auditorium, 2 Shenton Way
Online registration not available.
 

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