About NEA

NEA was established on 1 July 2002 by the NEA Act 2002, as a statutory board under the Ministry of Sustainability and the Environment (MSE) of Singapore.

We are a member of these international sustainability associations:

  • United Nations Global Compact (UNGC), since September 2016
  • Global Compact Network Singapore, a local chapter of UNGC, since February 2010

Our work is highly diverse. As regulator and advocate for the environment, we strive to formulate clear policies and public initiatives that benefit Singapore's environment, economy and society in the long run.

NEA's strategies are outlined in the following diagram, to achieve our vision of a clean environment, towards a liveable and sustainable Singapore.

 

About NEA

NEA's material issues are reflected in our corporate key performance indicators (KPIs), which are reviewed and endorsed by the Board, and tracked within NEA. Refined every three years based on work priorities and critical areas, our material issues elaborate on the contributions and impact of our strategy, the stakeholders involved, and related risks and opportunities. This ensures alignment with the strategic objectives in our strategy map.

To make a positive impact on Singapore's environment, we work closely with our key stakeholder groups:

  • Public Sector Agencies
  • Schools and the General Public
  • Employees
  • Industry, Non-governmental Organisations (NGOs), and Partners

Recognising the importance of effective risk management in enhancing corporate governance and strategic planning, we have established an Enterprise Risk Management (ERM) framework to manage risks and opportunities in a structured, integrated and effective manner.

The ERM framework enables NEA to proactively identify, assess, prioritise, treat and monitor our key strategic and operational risks on an ongoing basis.

It enhances:

  • Risk Awareness, by providing an integrated view of the combined impact of different risks on the organisation, thereby eliminating silo thinking in risk management
  • Risk Ownership, by providing a formalised structure to assign accountability for key risks, mitigating measures and treatment plans
  • Proactive Risk Management, by providing a structured and robust management process to minimise upstream risks, based on both top-down and bottom-up risk reviews

NEA takes a precautionary approach to managing our risks and closely monitors them, as well as identifies new risks and opportunities. This is to ensure that our corporate sustainability efforts address all developing trends and risks.

Enterprise Risk Management Framework

 

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