Insights

Climate change is a pressing global issue that has far-reaching implications across various sectors. As the world grapples with the transition to a more sustainable future, businesses and investors need to consider the financial reporting implications of climate-related risks and opportunities. This article explores the impact of climate change on financial reporting and highlights the challenges and opportunities it presents.

There are no explicit requirements that address the accounting for mandatory emissions trading schemes, including mandatory carbon credits, or for voluntary carbon credits. This article explores the approaches that can be taken when accounting for emissions trading schemes.

Singapore's Ministry of Sustainability and the Environment, together with the National Environmental Agency, established definitive eligibility criteria within the framework of the International Carbon Credit. This framework offers a viable avenue for carbon-tax liable enterprises to fulfill a portion of their carbon tax obligations by surrendering eligible ICCs.

In this article, we focus on the payroll and tax reporting requirements of benefits in Singapore.

The European Sustainability Reporting Standards (ESRS) and the International Sustainability Standards Board (ISSB) are two organisations that are developing sustainability reporting standards. These are the similarities and differences between the standards developed by the European Commission and the International Financial Reporting Standards (IFRS) Foundation.

The classification of financial instruments as either debt or equity has significant implications for the presentation and measurement on the balance sheet and income statement. This article outlines the various factors you should consider when making your assessment.

IFRS S1 and IFRS S2 mark the start of a new era of requiring companies to make sustainability-related disclosures.

The Central Provident Fund (CPF) headline rules are changing from 1 September 2023, but the change would already have impacted some employees and there are organisations that might not be aware of this. In this article, we discuss how you can improve your payroll processes and avoid making costly mistakes.

Effective for periods beginning on or after 1 January 2024, the two new sustainability standards issued by the ISSB mark the start of a new era of requiring reporting entities to make sustainability related disclosures.

Here are five tips to help you improve your ESG reporting

The International Sustainability Standards Board (ISSB) decided to add to the transitional reliefs already proposed in relation to the adoption of its first two Sustainability Standards – IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.

An overview of Singapore that includes the city-state's background, population, systems, economy, geography and more.

All businesses of any sort must be registered before commencing business in Singapore. The type of business structure one chooses depends on the business needs. Tax implications vary according to the structure and professional advice is essential before commencing business.

Green House Gas (GHG) emissions are classified into categories of Scope 1, Scope 2 or Scope 3. This is a way of grouping emissions between those created by the company and those created by its wider value chain.

Grant Thornton’s International Business Report (IBR) has been casting a light on the issue of gender diversity in senior management at mid-market businesses for 19 years, exposing barriers and identifying facilitators of change.

This article considers some regularly encountered application issues when applying IAS 36.