THE Accounting and Corporate Regulatory Authority (Acra) and the Singapore Exchange Regulation (SGX RegCo) have jointly set up a committee to advise on a sustainability reporting roadmap for Singapore-incorporated companies.
The Sustainability Reporting Advisory Committee (SRAC) will provide input on the suitability of international sustainability reporting standards for implementation in Singapore, Acra and SGX RegCo said in a joint press release on Tuesday (Jun 21).
Both organisations are working on developing a roadmap for wider implementation of sustainability reporting for Singapore-incorporated companies, beyond companies listed on the SGX.
Stocks & REITs to Watch
$Keppel DC Reit (AJBU.SG)$:Keppel DC Reit has entered into conditional transactions to acquire 2 data centres in Guangdong, China, for a total price of about 1.6 billion yuan (S$338.3 million), the company said in a bourse filing on Monday (Jun 20).
These acquisitions are expected to be accretive to the Reit's distribution per unit. They will also bump up the Reit's portfolio occupancy rate to 98.9 per cent from 98.7 per cent as at end-March, and raise its weighted average lease expiry to 8.8 years from 7.7 years.
$Spackman (40E.SG)$: Three directors of Spackman Entertainment Group have handed in their resignations, and will leave the company either on Jul 20 or once a "suitable replacement" for their respective roles have been found, whichever is earlier, the company announced in a series of regulatory filings on the evening of Monday (Jun 20).
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