Event report

Past Event | CFO and Sustainability Clubs Roundtable: Building Financial Resilience in a Changing Climate

The French Chamber of Commerce in Singapore organised a CFO and Sustainability Clubs session exploring strategies for building financial resilience and navigating the complexities of climate-related financial reporting. 

Kian Hui NG, Audit Partner at BDO LLP Singapore, and Robert Drysdale, Head of Southeast Asia at Descartes Underwriting, shared the following valuable insights: 

• Singapore is taking steps to promote sustainability and transparency in corporate reporting. The IFRS Foundation is developing sustainability disclosure standards. IFRS S1 and S2: These standards provide general requirements for sustainability-related financial information and climate-related disclosures, respectively. 

• Businesses need to understand and implement sustainability practices to meet regulatory requirements and create long-term value. 

• Parametric insurance can offer a more efficient and effective way to mitigate climate risks, especially for businesses exposed to natural catastrophes. 

Following the presentations, CFOs and Sustainability Club members had the chance to exchange views amongst peers on the topic. 

For more information about the CFO Club, please contact Alexia Duvernoy at aduvernoy(@)fccsingapore.com