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 Singapore to contract high-quality nature-based carbon credits from four projects in Ghana, Peru, and Paraguay
2 ACRA and SGX RegCo extend timelines for most climate reporting requirements
3 Identifying and managing risks in the supply chain through a robust legal framework
4 Key outcomes from COP29 and Singapore's commitments
5 LTA and NEA to continue incentivising adoption of cleaner energyvehicles, with empahsis on electric vehicles
6 New Singapore Emission Factors Registry for more accurate reporting of carbon emissions
7 The Legal Character of Voluntary Carbon Credits: A Way Forward
8 COP28: Impact on Singapore and Southeast Asia
9 Singapore publishes eligibility list for international carbon credits under carbon tax regime
10 MAS consults on proposed guidelines for financial institutions on transition planing for a net zero economy
11 Singapore sets eligibility criteria for international carbon credits under carbon tax regime
12 Upscaling Carbon Markets Across APAC: Commentary and recommendations
13 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
14 COP27: Impact on Singapore and Southeast Asia
15 Bill to amend Carbon Pricing Act 2018 passed to increased carbon tax rates, introduce industry transition framework and option to use eligible international credits
16 Bill introduced to amend Carbon Pricing Act 2018: Increase in carbon tax, industry transition framework and option to use eligible international carbon credits
17 MSE consults on proposed increase in carbon tax and option to use eligible international carbon credits in draft Carbon Pricing (Amendment) Bill
18 Energy(Resilience Measures and Miscellaneous Amendments) Act 2021 partially in force from 29 January 2022
19 MAS consults on proposed guidelines for financial institutions on transition planning for a net zero economy
20 The Energy Mergers and Acquisition Review (3 Ed, 2021)
21 COP26: Commitments from Singapore and the region
22 Energy(Resilience Measures and Miscellaneous Amendments) Bill passed, MTI and EMA issue response to feedback on draft Bill
23 EMA launches new Singapore Standard for Renewable energy Certificates, explores geothermal energy
24 The journey to low carbon transition: An introduction to carbon pricing
25 Transition to low-carbon electricity generation sources: Consultation on energy(Resilience Measures and Miscellaneous Amendments) Bill
26 Vietnam's new Law on Environmental Protection partially in force from 1 February 2021
27 Practical Law energy and Natural Resources Global Guide - Oil and Gas Regulation in Singapore: Overview
28 Corporate Governance & Ethics
29 Identifying and managing risks in the supply chain through a robust legal framework
30 Lease Agreements for Retail Premises Act 2023 to take effect from 1 February 2024
31 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
32 Bill introduced to mandate compliance with Code of Conduct for Leasing of Retail Premises for qualifying retail premises in Singapore
33 Singapore and Australia sign green economy agreement to advance trade and environmental sustainability
34 MTI seeks feedback on proposed legislation to mandate compliance with Code of Conduct for Leasing of Retail Premises in Singapore
35 The Corporate Governance Review (12th Ed, 2022)
36 MAS issues revised corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
37 MAS consults on proposed digital platform for Fis to share information to counter money laundering, terrorism financing and proliferation financing
38 SGX RegCo expands enforcement powers and mandates issuers to have whistleblowing policy
39 MAS proposes to refine tier structure requirements and introduce new remuneration requirements for financial advisory industry
40 MAS consults on proposed AML/CFT notices for cross-border business arrangements of capital markets intermediaries under proposed exemption frameworks
41 MAS consults on revisions to corporate governance guidelines for designated financial holding companies, banks, direct insurers, reinsurers and captive insurers
42 The Corporate Governance Review (11th Ed, 2021)
43 Singapore-Indonesia Bilateral Investment Treaty enters into force
44 The International Comparative Legal Guide to Anti-Money Laundering 2020
45 Global Legal Insights to Bribery & Corruption 2020
46 Digital & Cyber Risk Management
47 Framework in Onilne Criminal Harms Act 2023 for codes of practice and directives to counter scams and malicious cyber activities in force
48 Online Criminal Harms Bill passed to enable authorities to deal more effectively with criminal online activities
49 Legislation to tackle harmful content on online services accessible to users in Singapore in force
50 Korea-Singapore Digital Partnership Agreement enters into force
51 Bill passed to tackle harmful content on online services accessible to users in Singapore
52 Bill introduced to tackle harmful content on online services accessible to users in Singapore
53 Singapore and Malaysia to deepen cooperation in digital economy and green economy
54 Digital Economy Partnership Agreement in force for Singapore and New Zealand from 7 January 2021
55 General ESG
56 Q3 2023 Review: Key ESG and public policy developments in Singapore
57 Q1 2023 Review: Key ESG and public policy developments in Singapore
58 FTAs in times of economic uncertainty: A quick guide on utilising Singapore's FTAs for business opportunities
59 Q4 2022 Review: Key ESG and public policy developments in Singapore
60 Q3 2022 Review: Key ESG and public policy developments in Singapore
61 Q2 2022 Review: Key ESG and public policy developments in Singapore
62 Singapore's Green Plan: Overview of support measures and grants for sustainable developments
63 Q1 2022 Review: Key ESG and public policy developments in Singapore
64 Budget 2022: Key highlights
65 2021 in Review
66 Singapore Institute of Directors Conference 2021: The Dawn and Permanence of ESG - Why It Matters
67 Key insights on initiatives and developments from the National Day Rally Speech 2021
68 A Greater Impact: A Guide to ESG in Singapore
69 Emerging Stronger Taskforce publishes recommendations for a virtually unlimited and sustainable Singapore post-Covid-19 economic environment
70 https://www.allenandgledhill.com/sg/perspectives/articles/18323/sgkh-emerging-stronger-taskforce-publishes-recommendations-for-a-virtually-unlimited-and-sustainable-in-a-post-covid-19-economic-environment
71 Budget 2021: Key highlights
72 Q4 2020 Review: Five key public policy developments in Singapore
73 Social Responsibility & Human Capital
74 Environmental Public Health (Amendment) Bill passed to implement Progressive Wage Model for waste management sector and revise cleaning business licensing framework
75 Code of practice on chief executives' and board of directors' WSH duties launched, to be gazetted by October 2022
76 New sentencing framework for employers under the Workplace Safety and Health Act 2006
77 Practical Law Employment Litigation and Timelines
78 MOM announces upcoming changes to Employment Pass eligibility
79 Practical Law Employment and Employee Benefits Global Guide - Employment and employee benefits in Singapore
80 Practical Law Regulation of State and Supplementary Pension Schemes in Singapore
81 Sustainability Reporting, Disclosures & Ratings
82 Essential best practices to mitigate greenwashing
83 GAIL Asia Pacific Impact Lawyers Journal: Impact Law in the Region
84 What greenwashing risks mean for legal and risk management professionals
85 IFRS Sustainability Disclosure Standards to be incorporated into SGX climate reporting rules from FY2025
86 SGX RegCo issues consultation paper on incorporation of ISSB standards in sustainability reporting
87 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
88 MAS publishes code of conduct for providers of ESG rating and data products
89 Study on greenwashing in online marketing finds use of vague environmental claims and confusing technical jargon
90 ACRA, SGX RegCo consult on Sustainability Reporting Advisory Committee recommendations: Mandatory climate reporting for listed and large non-listed companies
91 SID Directors Conference 2022: Navigating greenwashing in ESG
92 ACRA and SGX RegCo establish committee to advise on sustainability reporting roadmap for Singapore-incorporated companies
93 SGX mandates climate and board diversity disclosures
94 SGX consults on mandatory climate and board diversity disclosures
95 MAS releases inaugural Sustainability Report to chart strategy on climate resilience and environmental sustainability
96 Sustainable Finance
97 MAS releases fourth GFIT taxonomy consultation paper: Coal phase-out criteria under Singapore-Asia taxonomy
98 Green Finance Industry Taskforce launches third consultation on green and transition taxonomy
99 SGX launches initiative to recognise sustainable fixed income
100 Singapore and China agree 19 MOUs and seek to strengthen cooperation in green finance and capital markets
101 MAS issues circular on disclosure and reporting guidelines for retail ESG funds effective from 2023
102 Singapore Green Bond Framework introduced for issuance of sovreign green bonds
103 Green Finance Industry Taskforce consults on second version of green and transition taxonomy
104 Green Finance Industry Taskforce launches guide for climate-related disclosures and framework for green trade finance