27 September 2019
On 19 August 2019, the Maritime and Port Authority of Singapore (“MPA”), together with its partners including Singapore Exchange Limited (“SGX”), Global Compact Network Singapore and the Institute of Singapore Chartered Accountants, launched the first sector-specific “Maritime Sustainability Reporting Guide: Best Practices for Creating a Maritime Sustainability Report” (“Guide”).
The Guide provides a practical framework, including best practices for creating a maritime sustainability report, for both listed and non-listed maritime companies. The Guide sets out, for example, the following:
- What is sustainable development and why it matters?
- Growing importance of sustainability and its relevance
- Sustainability progress globally and in Singapore
- Importance of sustainability reporting
- Overview of maritime eco-system
- Trends in the maritime sector
- Maritime sector’s contribution to United Nations sustainable development goals
- Regulatory trends in the maritime sector
- Key elements of sustainability reporting
- Sustainability reporting principles, including SGX sustainability reporting requirements
- Key steps to develop a maritime sustainability report
The Guide also features MPA’s own sustainability reporting journey as a case study, including its internal sustainability initiatives through the years.
The following reference materials are available from the MPA website www.mpa.gov.sg: