The Singapore Governance and Transparency Index (SGTI) 2025 has crowned SATS as the top performer in the General Category, whilst CapitaLand Ascott Trust leads the Real Estate Investment Trust (REIT) and Business Trust Category. The annual index, conducted by CPA Australia, the Centre for Governance and Sustainability at the National University of Singapore Business School, and the Singapore Institute of Directors, evaluates Singapore Exchange-listed companies on corporate governance and disclosure practices.
The SGTI 2025 assessed 467 companies and 42 REITs and business trusts, using a “BREAD” framework focusing on Board Responsibilities, Rights of Shareholders, ESG and Stakeholders, Accountability and Audit, and Disclosure and Transparency. SATS topped the General Category, followed by Keppel and Singapore Telecommunications. In the REIT and Business Trust Category, CapitaLand Ascott Trust was followed by CapitaLand Ascendas REIT and CapitaLand Integrated Commercial Trust.
Greg Unsworth, Singapore Divisional President of CPA Australia, highlighted the index’s role in promoting transparency and accountability, stating, “The SGTI continues to set the benchmark for governance excellence.” The index plans to evolve by incorporating financial indicators into its assessment framework, aiming to provide a more comprehensive view of corporate performance.
Professor Lawrence Loh from the National University of Singapore Business School noted, “Corporate governance is the cornerstone of trust and sustainable value creation.” The SGTI’s future enhancements will include broader measures to ensure organisations remain accountable and aligned with stakeholder expectations.
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