However, non-Straits Times Index (STI) constituents with market capitalisations of $1 billion and above, will report other International Sustainability Standards Board-based (ISSB-based) climate-related disclosures (CRD) from FY2028 instead of FY2025 previously. Non-STI constituents with market capitalisations of below $1 billion will have till FY2030 to report other ISSB-based CRD instead of FY2025 as well.
The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have extended their timelines for implementing climate reporting requirements for listed and large non-listed companies. Large non-listed companies are defined as firms that have an annual revenue of $1 billion and above and total assets worth $0.5 billion and above.
In the new timeline, all listed companies will continue to report Scope 1 and Scope 2 greenhouse gas (GHG) emissions from the financial year (FY) commencing on or after Jan 1 this year.
