However, full adoption of the TCFD framework remains limited. While over half of the issuers (61%) provided at least nine TCFD disclosures, only 28% of issuers provided all 11 disclosures across the framework’s four pillars: governance, strategy, risk management, and metrics and targets.
Nearly all issuers listed on the Singapore Exchange (SGX:S68
) (SGX) have begun including climate-related disclosures in their sustainability reports as at July 31, 2024, according to a review conducted by Singapore Exchange Regulation (SGX RegCo) and the NUS Business School’s Centre for Governance and Sustainability (CGS).
Some 97% of 529 sustainability reports by issuers provided at least one disclosure based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. This is up from 73% in the previous review in 2023.
