In January 2022, SUSS collaborated with RSM Singapore to co-organise an Environmental, Social and Governance (ESG) Reporting Challenge, a sequel to the SUSS-iFAST ESG Investing Case Competition held in April 2021.
Jointly organised by SUSS and RSM Singapore, this competition provides a platform for SUSS undergraduates to learn more about ESG reporting and apply concepts in the real world. Participants are required to research and write an ESG report for a public-listed company on the Singapore Stock Exchange.
Winners of SUSS-RSM ESG Reporting Challenge 2022 with (left) Mr Sovann Giang (Senior Director & Lead Of Esg Practice, RSM Singapore)
and (right) Professor Cheah Horn Mun (Dean, CLEL).
Congratulations to the winners of the SUSS-RSM ESG Reporting Challenge 2022 Group (SIG) competition team! RSM Singapore sponsored a total of S$6,000 in cash prizes to the winners as follows:
- 1st Prize: S$3,000 – Mr Jonathan Mak Hui Da
- 2nd Prize: S$2,000 – Team Pollution Patrol (Shaun Shankar – Bachelor of Science in Finance with Minor (FTFNCE), Corine Lim Wan Ting – Bachelor of Science in Finance with Minor (FTFNCE), Douglas Chew Jing Hang – Bachelor of Science in Business Analytics with Minor (FTBSBA), James Chew Jun Qian – Bachelor of Science in Finance with Minor (FTFNCE)
- 3rd Prize : S$1,000 – Team FirstOnly (Lek Chui Min – Bachelor of Human Resource Management with Minor (FTHRM), Pang Tun Yang – Bachelor of Human Resource Management with Minor (FTHRM), Fernando Leck Chen De – Bachelor of Human Resource Management with Minor (FTHRM))
Our students now have a more holistic method of viewing companies, using the ESG framework that would be highly applicable in the workforce in the future.
Winner of the first prize, Jonathan Mak Hui Da, Bachelor of Science in Supply Chain Management with Minor, shared his experience: “I thank SUSS for its close ties with prominent industry partners such as RSM who provided me with this opportunity to learn more about the intricacies of drafting a sustainability report. With ESG topics being discussed more in the recent years, participating in this rigorous competition exposed me to pertinent sustainability issues, Sustainable Development Goals (SDGs), and provided me with a deeper understanding of what practising ESG entails. This will prove useful given the broad nature of these issues. Through this experience, the knowledge and skills I have picked up during the crafting of a professional report like critical thinking and writing skills will allow me to be better equipped and prepared for the future."
Whereas the 1st runner up, Team Pollution Patrol cited their experience: “This competition was a platform where we opened our eyes to the greener side of investing. The two lessons on ESG frameworks and guidelines exposed us to a new perspective when we look at companies. Not only looking at the financials but also examining their efforts to make the world a better place. Through crafting the report, it allowed us to further understand the ESG Frameworks and to identify key metrics that companies can follow and apply to make the environment a better place. This competition was truly an insightful and great learning opportunity for us. One huge takeaway was learning that profitability is not everything. We have to save the world.”
Finally, the 2nd runner up, Team FirstOnly shared their insights: “Throughout this challenge, we learnt a lot about ESG, especially on the stringent rules and regulatory requirements surrounding it. This is because these non-financial factors are crucial in helping organisations to identify material risks as well as opportunities for growth, while also aiming to protect the environment. Apart from learning how companies create their ESG reports, this challenge also made us realise the importance of making ethical business decisions and challenged our mental models and we are glad to have gained deeper insights on sustainability.”