Singapore firms fail transparency test for 39% of locals

This 1,029-person study reveals gap between boardroom claims and public belief.

About 39% of Singaporeans said that businesses show low levels of openness and transparency, SEC Newgate’s Impact Monitor 2025 showed.

Meanwhile, 44% believed that firms are open to an average degree, the survey added.

The report, which surveyed 1,029 people in Singapore, tracked global communities’ sentiment towards how corporates and governments are responding to environmental, social, and governance (ESG)-related challenges.

A total of 31% of respondents said that businesses are putting little effort into communicating their initiatives to improve their performance on ESG responsibilities.

However, companies are doing the right amount of communication, according to 50% of respondents.

Another 54% of people surveyed believed that businesses are placing the right amount of security measures to protect their customers’ data.

All licensed healthcare providers in Singapore will be required to share key patient information with the National Electronic Health Record (NEHR) under the Health Information Bill, which is expected to take effect in early 2027.

The city-state, Chile, and New Zealand have launched negotiations for a plurilateral Green Economy Partnership Agreement (GEPA), building on their shared commitment to advance trade and investment in the green economy.

For its study, SEC Newgate surveyed more than 20,000 people across 20 countries and territories.

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