175 views
Photo via Pexels

9 in 10 Singaporeans value integrated financial and sustainability reporting

About 96% are also prioritising ESG reporting more than previous years. 

A majority or 97% of Singaporeans agree that integrated financial and sustainability data improves decision-making and boosts financial performance, according to Workiva’s  2024 ESG Practitioner Survey.

“Singapore outpaced the global average when it comes to the belief that good financial reporting has a positive effect on their companies,” the report said.

The survey also showed that 96% are prioritising ESG reporting more than previous years. All local respondents also believe that integrated reporting positively impacts long-term value creation, echoing sentiments of institutional investors.

Paul Dickinson, a member of Workiva’s ESG Advisory Council and the Founder Chair of CDP, said that regulations are driving innovation, making integrated reporting the standard. 

“It's a testament to practitioners’ adaptability as we navigate a new era in corporate transparency. However, the survey also revealed that whilst the majority of respondents have confidence in their data, regulation poses significant hurdles for their teams,” he said.

Meanwhile, 73% of Singaporean companies anticipate the need to adhere to the Corporate Sustainability Reporting Directive (CSRD). However, approximately 79% of Singaporean companies foresee difficulties in gathering precise data to meet CSRD obligations. Moreover, 92% expressed apprehension about their organisation's capacity to collect and disseminate information across their value/supply chain.

Looking forward, Singaporean firms plan to invest heavily in technology for ESG initiatives. 

About 96% will allocate more budget, and 87% will undertake digital transformation projects to improve collaboration among reporting teams, signalling proactive adaptation to the evolving landscape of corporate transparency and sustainability.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.