Improving ESG Investment Analysis Through Leveraging Technology

ESG analysis has become crucial to investment decisions, with investors increasingly seeing companies that effectively address environmental, social, and governance factors as less risky, better positioned for long-term growth and more prepared for uncertainty. Early engagement on these topics included approaches such as negative screening or ESG-themed funds, however, with an increasing volume of data and development in technology, more comprehensive analysis and decision-making is now possible. In this blog, we explore how technology can be used to aid and improve ESG analysis in the context of investments, given the ever growing volume of ESG data available. 

Why include ESG criteria in investment decisions? 

ESG analysis involves assessing an organization’s business practices and performance on environmental, social and governance issues. The data required for this analysis is complex in itself, encompassing both structured and unstructured information and coming from a variety of sources. Being able to collect, gather, manage and analyze this information has many benefits for fund managers when thinking about where and how to invest. 

One key benefit is getting a more accurate view of risk. By integrating ESG risks into portfolio construction alongside traditional financial risk metrics, fund managers can get a more holistic and accurate view of a company’s overall risk profile. This can lead to outperformance and ultimately long-term value creation, as companies with strong ESG practices are often better positioned for sustainable, long-term growth and tend to be more forward-thinking, adaptable and resilient to future challenges.

How can technology aid ESG analysis?


Aiding data collection

Using advanced data analytics tools and AI algorithms can significantly enhance the collection and processing of ESG data, enabling more and better data to be collected on companies. These technologies facilitate the extraction of valuable insights from both structured and unstructured data, providing fund managers with a deeper understanding of how an organization is performing across environmental, social and governance factors. This allows better investment decisions to be made and equips fund managers with ESG data that allows them to have productive engagements with asset owners. 

We’ve written in a previous blog about all the ways our solutions aid with data collection, from gathering data across multiple sources to centralizing data collection – check it out to learn more!

Improved reporting and transparency

Digital platforms have revolutionized ESG reporting by streamlining the steps involved, allowing companies to produce comprehensive and standardized reports with greater efficiency. This technological advancement makes it easier for investors to access consistent and comparable ESG data across different companies. Consequently, investors can make more informed decisions, whether it’s divesting from companies with poor ESG performance, engaging with firms to encourage improvements or selecting new companies to add to their portfolios based on robust sustainability criteria. 

At Rimm we provide auto-generated reports based on the completion of assessment questions, which companies can use to show investors their ESG performance. We offer a variety of reports for companies to meet the needs of their stakeholders, including sustainability reports, impact reports and analytics reports. Investors can use these reports to gain a clear view of a company’s ESG performance. 

Technology for risk assessments

Investors are facing an increasing number of risks in their portfolios due to the effects of climate change and biodiversity loss. Using data analytics and artificial intelligence, various ESG data points can be aggregated and analyzed to provide risk scores, helping investors to understand and compare the ESG risks present in their portfolios. Without technological solutions, this process would be far more complex, time-consuming and ultimately more costly.

At Rimm we have several tools to aid investors in better understanding risk profiles. Our Risk Rating Solution covers 12 ESG risk categories to cover material ESG KPIs and 6 business risks to map out ESG impacts on a business. The tool translates critical ESG data to quantify risk exposures, relevant and contextualized to businesses. We have also developed a transition risk tool, TR360, which quantifies the financial impact of transitioning towards a low carbon economy using different climate pathways (scenarios).

Using the power of AI for predictive analytics

Despite increasing volumes of ESG data, there are often still gaps in what companies are able to collect and report on. Being able to fill in these gaps through predictions can give investors a useful indication of how a company is performing on a given ESG topic. Through machine learning algorithms and advanced data processing techniques, AI can detect patterns which can be used to indicate how companies with missing data would perform or what future performance would look like. 

At Rimm we use AI to power our approximation tools. This includes our Carbon Emissions Estimator which leverages our database and machine learning expertise to estimate carbon emissions for any unknown entity, helping make strategic decisions. We also have a Risk Approximator which uses a custom, state-of-the-art machine learning model, predicting risk intervals with a high degree of accuracy (>95%). This model has been trained from scratch using risk data, and can help investors to gain a better understanding of company risk profiles.

Effective consideration of ESG is a fundamental driver of sustainable, long-term investments. Using scalable technology solutions to aid ESG investment analysis enables investors to efficiently process large volumes of data, identify key trends and make informed decisions that align with sustainable and responsible investment goals.

Understanding AI and its role in driving sustainability

Artificial intelligence (AI) is a buzzword often surrounded by both hype and skepticism. Some fear that with the rise of AI we have set ourselves on a trajectory where machines could become more intelligent than humans, while others view AI as a panacea for solving all of the complex global problems we currently face. In this blog we will look at the rise of AI, key terms and tools in the field, and how it powers our solutions at Rimm.

A brief history of AI 

To fully appreciate the current capabilities of AI, it is worth looking back at its history. Contrary to the popular belief that AI appeared relatively recently as a feat of modern technology, it has actually existed as a field for almost 70 years! In the summer of 1956, a computer scientist named John McCarthy brought together 10 men across two months, to study the possibility of creating a machine that could think like a human. They spent the summer exploring whether machines could use language, form abstractions and concepts and solve problems traditionally reserved for humans. This summer workshop has become widely accepted as the birthplace of AI, and since then there has been significant research and investment in the field. Some major breakthroughs also occurred early on; in 1959 the first self-taught computer was created, in 1966 the first chatbot using natural language processing (NLP) was made, and in 1997 IBMs computer ‘Deep Blue’ beat the reigning world chess champion for the first time, proving the power of machine learning and its propensity for problem solving.

At its core, AI is a collection of algorithms and data-driven models, and these models have seen significant advancements in recent years, particularly in natural language processing, image recognition and predictive analytics. This progress has been driven by improvements in computational power, algorithm design and the availability of large datasets. The AI market is expected to reach $184bn in 2024, with global AI investment predicted to reach over $200bn by 2025. 

Breaking down artificial intelligence and how we use it at Rimm

AI can be applied to sustainability in various ways, including emission factors recommendations, sustainability reporting, predictive models and renewable energy management. It can streamline data collection, enhance quality checks and significantly improve the accuracy and reliability of sustainability reports.

Machine Learning

Machine learning models predict outcomes by analyzing patterns in data (rather than being programmed to follow specific commands) and require ongoing development and training to improve accuracy. Tree-based models, in particular, are state-of-the-art for predictive analytics. At Rimm we use machine learning models that leverage a large number of decision trees, and average predictions to get a numerical result. The models we use are known as ‘ensemble models’ as they use so many decision trees, and we use these for carbon emissions estimation and risk rating estimation.

Natural Language Processing and Large Language Models 

Natural language processing (NLP) focuses on the interaction between computers and humans through language. It focuses on teaching computers to understand, interpret and respond to human language in a way that is both meaningful and useful. Our NLP tools streamline data gathering, ensuring comprehensive and accurate datasets. Using tree-based algorithms, we provide precise estimates of carbon emissions and assess and rate risks, enabling better decision-making. Our platform, myCSO, integrates these AI tools to offer a robust solution for managing sustainability initiatives. 

One of the key technologies in AI-driven data analysis is Large Language Models (LLMs). LLMs are designed to understand and generate human language. They perform tasks such as text generation, translation, summarization and sentiment analysis. With ESG initiatives, LLMs classify text into relevant topics, helping organizations meet sustainability standards. 

Predictive Analytics

Predictive analytics is another powerful application of AI. By using historical data to forecast future events, AI-driven predictive analytics provide highly accurate insights, making them invaluable for tasks like CO2 forecasting and supply chain optimization. Predictive analytics powers our risk approximation tool – a custom, state-of-the-art machine learning model, predicting risk intervals with a high degree of accuracy (>95%). This model has been trained from scratch using risk data, and can support clients in gaining a better understanding of their risk profile.

 

 

At Rimm, our AI-driven solutions empower organizations to not only meet current ESG standards but also proactively shape a more sustainable future. Our platform, myCSO, integrates AI tools to offer a comprehensive solution for managing sustainability initiatives. By leveraging AI, organizations can gain valuable insights from their data, optimize their operations and contribute to a more sustainable world. 

Data Collection Pain Points and How to Overcome Them

Data Collection Pain Points And How to Overcome Them

With continuing pressure to report on ESG performance, organizations large and small face the challenge of collecting, managing, and accurately reporting vast amounts of data. The process of gathering large volumes of data is time consuming and complex to manage, raising several issues for the responsible individuals. In this blog, we dive into some of the issues surrounding data collection, and explore how our flagship platform ‘myCSO’ can help ease the burden. 

Key Issues Related to ESG Data Collection

  • Assessment Fatigue: we often hear our clients talk about ‘assessment fatigue’, a problem where individuals have to input data for multiple ESG assessments at the same time. Collecting large volumes of data in this way can be extremely time consuming and even error-prone, especially if organizations use traditional methods like spreadsheets to manage data, which many still do.
  • Gathering Data from Multiple Sources: data collection for ESG involves sourcing information from multiple departments and external sources, each with their own formats and standards. As a result, organizations often face significant delays and inaccuracies when meeting reporting deadlines and maintaining data integrity.
  • Centralized Data Administration: the challenge of centralizing all ESG data is another significant challenge. The lack of a unified repository can result in fragmented data that is difficult to analyze, report, and access. Inefficiency and inaccuracy can result from this fragmentation.

The Solution: Rimm’s Comprehensive Solution – myCSO

Rimm’s AI-powered flagship product myCSO solves these challenges head-on by streamlining the ESG data collection process, reducing assessment fatigue, and improving data accuracy.


Efficient Data Collection Methods

Rimm offers several methods for populating ESG questionnaires, reducing data collection time and effort significantly:

  1.  Auto-populated Assessments: Rimm can automatically populate new questionnaires based on answers from previously completed assessments. As a result, redundant data entry is minimized, and assessments are accelerated.
  2. Document uploads and NLP integration: Users can upload Excel or PDF documents directly to Rimm. Through advanced Natural Language Processing (NLP) technology, Rimm captures and extracts relevant data from these documents, populating the assessments automatically. Using this capability saves time and ensures more accurate data entry.

Flexible Licensing Model

As opposed to many other platforms, Rimm charges per license instead of per user. Using this pricing model, firms can spread data collection workload among multiple users without incurring additional expenses. Using our platform, multiple team members can contribute to the effort, reducing individual burden.

Diverse Question Formats 

Our platform supports a variety of question formats including quantitative, qualitative and multiple-choice questions. With this flexibility, organizations can gather comprehensive ESG data tailored to their specific reporting needs. The system ensures that all relevant information is captured accurately and efficiently.

Centralized Data Storage 

Organizations can store all ESG data centrally for easy access and management. Streamlining the reporting process and improving data governance are two benefits of this centralization.

Excel Integration and System Compatibility

Nearly half of companies still collect ESG data using spreadsheets. For ease, we’ve built our platform so that users can upload excel files, and the required data is automatically extracted and provided as an answer to an assessment question – that’s the power of AI! 

 

We have built a robust solution that addresses the pain points of ESG data collection, alleviating assessment fatigue and enhancing reporting capabilities. Leveraging advanced technologies and incorporating flexible, user-friendly features, we empower organizations to manage ESG data more efficiently and effectively.

integrating Mental Health into ESG

Bringing ESG and Mental Health Awareness Together

Increasing mental health concerns intersect with endeavors like ESG work, permeating every aspect of life. In order for sustainable, ethical, and socially responsible initiatives to succeed, mental well-being must be addressed. In these systems, how well are individuals doing? In the midst of Mental Health Awareness Week, it’s a good time to explore the relationship between ESG principles and mental health.

ESG’s Overlooked “S”

Environmental and governance aspects of ESG receive much attention, while the social dimension-especially mental health-is often overlooked. Despite its importance to social sustainability, mental health is often ignored or neglected.

The Mental Health Crisis

A sobering picture is painted by mental health statistics. In the world, one in four people will experience mental or neurological disorders in their lifetime. Worldwide, stress, anxiety, and depression have been exacerbated by the COVID-19 pandemic. The mental health crisis has also had a significant impact on the corporate world. High levels of stress, burnout, and decreased productivity have become prevalent among employees, highlighting the urgent need for companies to prioritize mental health support and create a supportive work environment.

The Corporate Connection

Organizational performance is directly impacted by the mental health of employees. Untreated mental health issues can lead to decreased productivity, absenteeism, and presenteeism, as well as higher healthcare costs. Furthermore, they undermine employee engagement, creativity, and innovation by contributing to a toxic work culture. For example, a study by the National Institute of Health found that workers with depression were 39% more likely to report job dissatisfaction and 45% more likely to report job insecurity.

Integrating Mental Health into ESG

The Investor Perspective

When evaluating companies, investors increasingly consider their social impact. Businesses that prioritize employee well-being and have robust mental health initiatives in place are viewed favorably since they demonstrate long-term sustainability and resilience. As confirmed in a study by Harvard Business Review, companies that prioritize sustainability also tend to be more attractive to investors since they tend to have lower operating costs and a higher return on investment. Companies that prioritize social impact are also likely to attract top talent, leading to a healthier, more productive workforce.

Let’s remember that Mental Health Awareness Week encompasses more than environmental concerns. It encompasses the wellbeing of individuals within communities and organizations. It is possible for companies to foster healthier, more resilient workplaces and contribute to a more sustainable future by incorporating mental health considerations into their ESG frameworks. 

Beyond Sustainability Reporting: Making ESG Actionable

Sustainability reports are usually viewed as the final step of the sustainability journey, in the contrary, it is only the beginning. How can companies move beyond reporting and start actioning on their ESG metrics? Read more below. 

Sustainable living is no longer a buzzword; it is a necessity in today’s world. Concerns over climate change, resource depletion, and social equity are putting pressure on businesses around the globe to act on sustainability. This journey begins with sustainability reporting. For organizations, it is an essential tool for communicating their ESG performance. It is important to understand that sustainability reporting should not be considered the end goal, but rather the beginning of a journey toward a greener, more responsible future.

Following sustainability reporting, what does a company need to do? Here are some actionable steps.

How to move beyond reporting

How can Rimm guide you to achieve your green goals?

Through Rimm’s AI powered flagship product – myCSO, clients have access to many features to guide them through their sustainability journey such as:

  • Dynamic Materiality Map
  • Introduction To Sustainability
  • Carbon Calculator
  • Sustainability Performance Dashboard
  • Sustainability Report Generator
  • Guided Assessment, Sustainability Standards and Frameworks
  • SDG Impact Dashboard
  • Various Add-On Modules

Through such features, Rimm’s clients can easily track and measure their performance and make strategic business decisions based on accurate data. When it comes to building a more sustainable future, what comes after sustainability reporting is most important. By setting clear goals, implementing strategies, engaging stakeholders, and striving for continuous improvement, companies can create a greener, more equitable, and prosperous world for future generations.

Interested to learn more about our solutions? Book a session to talk with our team today. 

 

The Ultimate Guide: To Understanding ESG Benchmarks and Indices

The future of investing is being shaped by ESG benchmarks and indices, join us as we explore what they are, why they matter, and how they’re evolving.

What are ESG Benchmarks and Indices?

Companies or investment portfolios can be evaluated based on ESG benchmarks and indices. Using them, investors can make more informed decisions based on sustainability and ethical considerations by comparing the ESG practices of different entities.

1. ESG Benchmarks:

An ESG benchmark typically measures the ESG performance of a subset of companies within a particular industry or region. For investors, these benchmarks serve as indicators of how well companies in a given sector address environmental, social, and governance issues. Dow Jones Sustainability Index (DJSI), MSCI ESG Ratings, and FTSE4Good Index Series are some examples of ESG benchmarks.

2. ESG Indices:

The ESG indices, on the other hand, are investment indices that contain companies that meet certain ESG criteria. Stocks or bonds of companies with strong ESG profiles are tracked by these indices. Investing portfolios can be constructed using ESG indices, or existing portfolios can be compared to them as benchmarks. Some well-known ESG indices include the MSCI ESG Leaders Index, S&P 500 ESG Index, and STOXX Global ESG Leaders Index.

 

 

The Future of ESG Investing and role Rimm’s solutions

As awareness of ESG issues grows, benchmarks and indices based on ESG issues will be in demand. As investors seek opportunities to align their financial objectives with their values, ESG considerations are becoming increasingly integrated into mainstream investment practices. As a result of technological advancements, such as big data analytics and artificial intelligence, ESG assessments and risk modeling are becoming more sophisticated. Consequently, ESG benchmarks and indices are becoming more accurate and granular, empowering investors.

The AI-powered Rimm Sustainability solution – Bespoke myCSO – is an all-in-one solution for companies of all sizes to manage their ESG requirements. With myCSO, you can build fully customized solutions from Rimm building blocks such as a Carbon calculator, a double materiality calculator, or a risk management solution. Our benchmarking database includes over 20,000 companies, and our question library contains more than 4000 questions that enable us to conduct detailed ESG analysis. For investors and portfolio managers, myCSO can be customized in such a way that it displays all the ESG metrics of portfolio companies on a single dashboard screen, helping investors make strategic decisions based on those metrics and performance. By providing standardized metrics and benchmarks for evaluating ESG performance, myCSO is changing the investment landscape across industries.

Invest wisely, invest sustainably, and invest for a better future!

Interested to learn more about our solutions? Book a session to talk with our team today. 

 

Understanding the Power of ESG Impact Reports: Shaping a Sustainable Future

Increasing awareness of ESG factors has changed the way businesses operate. Companies are expected to be transparent and accountable about their environmental and social impacts. In this blog, we share how companies can do this through Impact Reports and why they’re important.

How do ESG Impact Reports work?

An ESG Impact Report provides an overview of a company’s performance across several ESG dimensions. In these reports, KPIs and metrics are used to assess performance by gathering data on relevant ESG factors and assessing their materiality to the business and stakeholders. For credibility, companies generally adhere to established reporting standards and guidelines, integrate ESG reporting into their corporate reporting, engage with stakeholders during the process, and undergo third-party verification or assurance. Through ESG Impact Reports, companies can understand the key impact drivers and outcomes that their specific business has, allowing both themselves and stakeholders to gain valuable insights into the ESG performance and promote transparency, accountability, and sustainability.

Reasons why impact reports matter

How can Rimm help?

Rimm’s myCSO, an AI-powered ESG solution aligns to the emerging winners among industry frameworks (CSRD, IFRS, UN SDGs, UN Positive Impact Initiative etc.) and involves detailed desktop analysis with input from selected stakeholders (management, Board, investors, colleagues etc.). The Impact Report focuses specifically on the quantified impacts of the UN SDGs, which makes it easy to comprehend impact and address areas of strengths and weaknesses. In businesses, ESG impact reports play an important role in demonstrating transparency, accountability, and sustainability. Businesses can gain a competitive advantage and drive positive change by disclosing their performance across environmental, social, and governance criteria. Developing a sustainable future will increasingly depend on ESG impact reporting as demand for sustainability grows.

Interested to learn more about our solutions? Book a session to talk with our team today. 

 

Taking ESG to the next level: A sustainable future for the insurance industry

With the core of insurance revolving around managing risks, principles that are inextricably linked to environmental, social and governance (ESG) criteria, the insurance sector has an understanding of ESG risks and their impact. However, with increasing expectations from stakeholders and customers alike, the industry needs to change. Read more below.

Insights into ESG in the insurance industry

The concept of ESG refers to a wide range of factors that influence the long-term performance and sustainability of businesses. A number of these factors are becoming increasingly important for risk management, investment strategies, product development, and general business practices in the insurance industry.

 

Investing in ESG-compliant insurance

It is also important to consider ESG factors when investing in insurance. As insurers seek to align their portfolios with sustainable and responsible practices, they increasingly incorporate ESG criteria into their investment strategies.

There has been an increase in insurance companies investing in ESG-themed funds, engaging with companies to improve their ESG performance, and divesting from industries that have high ESG risks, such as fossil fuel industries.

How can Rimm help?

The insurance industry is experiencing a transformation due to ESG factors, driving a shift towards sustainability, responsible business practices, and stakeholder engagement. Through the adoption of ESG principles, insurers are not only mitigating risks and enhancing resilience but also promoting sustainability and inclusion.

Rimm Sustainability is a pioneer in ESG management and data solutions. Rimm’s flagship product myCSO which is an AI-powered ESG data management solution allows you to seamlessly integrate ESG data into a single platform and track all the relevant data metrics like carbon footprint (Scope 1, 2, 3), double materiality and more. Rimm’s specific AI-powered tools align with all 6 objectives (climate change mitigation, climate change adaptation, the circular economy, pollution, effect on water, and biodiversity) which are necessary to judge a green investment which allows you to get a better strategic perspective.

  • Biodiversity Tracker: Tool that maps your company’s biodiversity footprint and resulting impacts.
  • Greenwashing Sonar: Analyzes public ESG disclosures for accuracy in claims and data.
  • SDG Impact Tracker: A more quantitative methodology that assesses alignment with SDGs and tracks progress over time.

Interested to learn more about our solutions? Book a session to talk with our team today. 

 

Navigating the ESG Compliance Journey: A Guide

As investors, customers, and employees demand more transparency and responsibility from organizations, ESG compliance has become a key focus for businesses worldwide. Read more about the compliance journey below. 

Understanding ESG Compliance

ESG compliance refers to the integration of environmental, social, and governance considerations into a company’s operations and decision-making processes. This holistic approach goes beyond traditional financial metrics to assess a company’s long-term sustainability and impact on society and the environment.

The Importance of ESG Compliance

ESG compliance is no longer just a matter of corporate social responsibility; it is now a business imperative. Companies that prioritize ESG considerations can benefit in several ways:

  1. Risk Management

    By identifying and mitigating ESG risks, companies can protect their reputation, avoid regulatory fines, and enhance their resilience to external shocks.

  2. Cost Savings

    Implementing sustainable practices can lead to cost savings through improved efficiency and resource management.

  3. Access to Capital

    Investors are increasingly considering ESG factors when making investment decisions. Companies that demonstrate strong ESG performance may have better access to capital and lower borrowing costs.

  4.  Enhanced Brand Value

    ESG compliance can enhance brand reputation and attractiveness to customers, employees, and other stakeholders.

The ESG Compliance Journey

Embarking on the ESG compliance journey involves several key steps:

How can Rimm help?

ESG compliance is no longer a choice for companies; it is a business imperative. By embracing ESG principles, companies can enhance their long-term sustainability, mitigate risks, and create value for all stakeholders. While the ESG compliance journey may be challenging, the benefits far outweigh the costs. Rimm’s flagship solution – myCSO, an AI-powered tool that helps companies of all sizes in their sustainability journey. myCSO helps companies create sustainability reports with a high degree of transparency and accuracy. Companies can benchmark against their peers with Rimm’s proprietary database of 20,000+ companies. Our proprietary assessment tool aligns to the emerging winners among industry frameworks (CSRD, TCFD, UN SDGs, UN Positive Impact Initiative etc.) and involves detailed analysis powered by Rimm with input from selected stakeholders (management, Board, investors, colleagues etc). Start your journey today and position your company for success in a rapidly changing world.

Interested to learn more about our solutions? Book a session to talk with our team today. 

Singapore’s Step Towards a Green Economy: Mandating Climate-Related Disclosures by 2025

Singapore, a global hub for finance and commerce, is taking proactive measures to address climate change. One of these measures involves requiring climate-related disclosures from companies listed on the Singapore Exchange (SGX) and some non-listed entities. Find out what it all entails in our blog below.

The Need for Climate-Related Disclosures:

Global climate change poses significant risks to economies, businesses, and societies. The effects of climate change include physical damage to infrastructure, disruption of supply chains, regulatory changes, and reputational risks for companies.

Risks and opportunities associated with climate change are increasingly recognized by both companies and investors, influencing their business decisions. When companies provide transparent, reliable information on their sustainability performance, they are better equipped to meet demands from their lenders, customers and investors, which will elevate Singapore’s position as a green economy. 

Key Components of Reporting Requirements:

As of 2025, Singapore will require SGX-listed companies and certain non-listed entities to begin disclosing climate-related information in accordance with IFRS International Sustainability Standards Board (ISSB) standards. 

Reporting Timeline 

2025: Scope 1 and 2 Emissions need to be reported
2026: Scope 3 emissions, or value-chain emissions to be reported
2027: To obtain external limited assurance on Scope 1 and 2 GHG emissions two years after reporting from an independent auditor. 
2029: Large non-listed companies will report on Scope 3 Emissions by this year

The Important Details

  1. Scope and Coverage: The reporting requirements will apply to a broad range of companies, including publicly traded companies listed on the SGX and some non-listed entities that meet specified criteria. Taking into account companies across different industries, the reporting framework provides a comprehensive view of Singapore’s corporate landscape.
  2. Disclosure Standards: Companies will be required to adhere to internationally recognized disclosure standards, specifically the recommendations of the ISSB and other relevant frameworks. Companies can use these standards to disclose climate-related risks, governance, strategy, and metrics uniformly and comparably.
  3. Reporting Guidelines: Singapore’s regulatory authorities will issue guidelines and templates to help companies comply with reporting requirements. Reporting formats, deadlines, and information companies need to disclose will be outlined in these guidelines.
  4. Compliance and Enforcement: Companies will be expected to comply with reporting requirements and ensure the accuracy and completeness of their disclosures. Companies that do not comply with regulatory requirements may be penalized or sanctioned. Integrity and credibility are upheld by Singapore by enforcing compliance.

What are the Benefits, Challenges and Opportunities ahead? 

How can Rimm help?

Rimm provides their clients with an award-winning ESG solution – myCSO which is fully powered by AI. Our solution can help Singaporean companies to stay ahead of the curve. Our automated reporting is aligned to all major ESG standards around the globe including ISSB. Our unique solution known as Transition Risk 360 (TR360) can assist companies in tracking their climate-related risks and track their carbon footprint more effectively and efficiently. The TR360 tool assesses your company’s transition risk as the market moves towards a low-carbon economy. Other Risk management tools include Risk rating and Risk approximation which can help a company mitigate risks which can predict risk intervals with a high degree of accuracy. 

For a limited time, Singaporean corporations and enterprises will be able to benefit from up to 70% grant support* that is government-approved when you utilize Rimm’s solutions, making climate reporting more accessible than ever before.

Sign up for the grant here!
*Terms and Conditions Apply

Interested to learn more about our solutions? Book a session to talk with our team today.