Inclusion of Disclosures on Human Capital Management in SGX's Sustainability Reporting Requirements

Ms See Jinli Jean asked 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.

As shared previously in this house on 7 February 20241, companies listed on the Singapore Exchange (SGX) are required by the exchange's listing rules to disclose all matters or developments that have significant business impact. [Please refer to "Inclusion of Tripartite Standard for Contracting with Self-Employed Persons in Sustainability Reporting by SGX-listed Firms", Official Report, 7 February 2024, Vol 95, Issue 122, Oral Answers to Questions section.]

This is in line with international standards and covers reporting on environmental, social and governance 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.