Date: For Parliament Sitting on 13 November 2024 

Name and Constituency of Member of Parliament

Ms See Jinli Jean, NMP

Question:

To ask the Prime Minister and Minister for Finance whether the Ministry will consider expanding SGX’s sustainability reporting requirements to include disclosures about human capital management such as the working conditions inside a firm to reflect that fair and progressive treatment of workers is material to the quality of value created by the business.           

Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:

1.         As shared previously in this house on 7 February 2024Oral reply to Parliamentary Question on defining Tripartite Standards as a component under SGX-listed firms’ sustainability reporting ., companies listed on the SGX are required by the exchange’s listing rules to disclose all matters or developments that have significant business impact. This is in line with international standards and covers reporting on environmental, social and governance (ESG) factors, which include human capital management. For instance, companies commonly make human capital-related disclosures in areas such as working conditions, occupational health and safety, diversity and inclusion. SGX will continue to monitor international developments and good practices in this area.

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