A whole-of-business issue requiring a strategic response
Corporate leaders increasingly understand that their ability to succeed in a connected world hinges upon their response to an array of issues on the sustainability agenda. These leaders operate their companies sustainably recognising that social, environmental, economic and ethical factors affect their core business strategies. They evaluate the spectrum of sustainability issues and respond by mitigating risks and leveraging opportunities.
Climate change looms large for corporations these days. No longer considered simply an environmental issue, climate change poses strategic, operational, regulatory, reputational, and financial challenges to businesses. Boards and management teams need to develop a carbon strategy, identifying ways to reduce their direct and indirect carbon emissions and defining their approach to carbon trading. At the same time, climate change offers striking new business opportunities in a range of industries. The most agile companies will anticipate the risks and opportunities, create new products and services, and turn their ethical, social and environmental expertise into competitive advantage.
In Singapore, although sustainability reporting is voluntary for listed companies, the Singapore Stock Exchange (SGX) has released - Sustainability Reporting Guide for listed companies which sets out broad principles to listed companies in formulating the sustainability reporting frameworks. Sustainability reporting is viewed as an important aspect of holistic disclosure whereby issuers should assess and disclose the environmental and social aspects of their organisational performance, in addition to the financial and governance aspect that are already part of the customary and regulatory disclosure practised.
To meet the challenges of sustainability and climate change, you will have to put these issues at the heart of your business. With our deep sector - specific experience, we cites a broad range of tax, advisory and assurance services that can keep you understand which issues will have the greatest impact for your business, form a coherent strategy to address them, and support you through the organisational changes needed to put your strategy in place.
Meeting Your Needs
For companies looking to improve their performance in sustainability and climate change and to create long-term shareholder value, PwC helps by developing sustainability strategy, performance management and reporting solutions.
We assist our clients in the areas of corporate governance and business ethics, environmental health and safety management, social responsibility, strategy and economics, tax, corporate finance, responsible supply-chain management, and reporting and assurance of non-financial information.
PwC’s sustainability services include: