For issuers in industries slated for FY2023 mandatory reporting, such as those in the agriculture, energy, financial and food and forestry industries, nearly 100% provided some form of climate-related disclosures, according to EY’s report titled Transparency in focus: State of Climate Reporting in Singapore. The report was done with accountancy firm Certified Practising Accountant (CPA) Australia and released on July 8.
A report by Ernst & Young (EY) found that 96% - or 346 - of 362 listed companies here have begun climate-related reporting for the financial year ended Dec 31, 2023, a 44% increase over the previous year’s 65% - or 240 - of 370 issuers.
This comes two years after the Singapore Exchange (SGX:S68
) (SGX) made it mandatory for all local issuers to make climate-related disclosures on a “comply or explain” basis.
