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