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Sustainability Reporting Advisory for a Palm Oil Company Listed in Singapore Exchange
February 25, 2022
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TEMBUSU Asia Consulting (TAC) was engaged to assist a palm oil company in developing its Sustainability Report for FY2021. The palm oil company has plantations in Indonesia and focuses on the cultivation of oil palms; the processing of fresh fruit bunches into palm oil, palm kernel oil, and palm kernel cake; and the provision of bulking as well as logistics services.
On 15 December 2021, Singapore Exchange (SGX) announced its requirements for issuers to provide climate-related reporting based on the recommendation of the Task Force on Climate-related Financial Disclosures (TCFD) and disclosures on board diversity. All issuers must now provide climate reporting on a “comply or explain” basis in their sustainability reports from the financial year commencing 2022. With TAC’s experience in both SGX and GRI’s requirements for sustainability reporting, TAC assists our clients to build business resilience by anticipating potential climate-related issues, leading to the development of action plans and hence fulfilling SDG 12: Sustainable Consumption and Production and SDG 13: Climate Action.