ESG Framework
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Environmental, social and governance (ESG) is a set of non-financial criteria for assessing the corporations’ impact and initiatives towards being socially responsible, such as "eco-friendly”, “social value” and “ethical behaviour”. The term ESG was first used in early 20s and has since become a corporate social responsibility movement in private/public and financial/non-financial sectors worldwide. Environmental factors include climate change, pollution, water scarcity, use of non-renewable resources, disposal of waste and loss of biodiversity. Social issues cover social relationships focusing on human rights, worker’s rights, workplace policies, employee wellness and training, wages, DE&I (diversity, equity, and inclusion) and corruption. Governance issues involves oversight of ESG issues, how stakeholder interests are balanced at the Board level and traditional corporate governance. |
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Sustainability | ESG - Social
- Prudential 2021 ESG Report
A snapshot of Prudential's ESG approach and activity for 2021, and the advances made across all of them.
- Reconsidering Social Elements of ESGBy NUS, The Centre for Governance and Sustainability (CGS)This study seeks to propose 15 enhanced standards that relate to the pandemic. These enhanced standards were formulated by performing secondary research on the pandemic's effect on business continuity plans. The 15 enhanced standards were applied to a sample of 101 SGX-listed companies.
Videos
Videos - ESG: Social
Sustainability - Food Manufacturing
- Annex – Factsheet on Food Waste Management in Singapore | NEAThe amount of food waste generated in Singapore has increased by about 40 per cent over the last 10 years. Currently, most of the recycled food waste is homogenous food waste from food manufacturing (e.g. soya bean waste and bread waste), which is converted into animal feed. This starts with avoiding food wastage and excess food production.
Sustainability - Insurance Industry
- How the insurance industry can advance ESG principles
In the insurance sector, environmental, social and governance, or ESG, principles can be applied to everything from sustainable and responsible underwriting, to investing and operations. They are so important that the UN Environment Programme’s Principles for Sustainable Insurance initiative was launched in June last year as the first guide to help the global insurance industry manage ESG risks. - Ensuring Change: Why Awareness is Key to APAC’s Sustainable Insurance Future / AccentureAwareness and interest in sustainable finance initiatives within APAC’s insurance industry
is pervasive. Nearly eight out of ten insurance companies are pursuing some sort of action
towards implementing them, with 37% saying they have designated the issue as the top
company-wide priority
