The decision follows an SGX RegCo market consultation on incorporating the ISSB standards that was announced in March. SGX RegCo had proposed changes — including requiring issuers to report on climate-related disclosures according to the IFRS sustainability disclosure standards — to help issues navigate the green transition.
Singapore Exchange Regulation (SGX RegCo) will begin incorporating the IFRS sustainability disclosure standards into its sustainability reporting regime after respondents showed “broad support” during a public consultation, announced the regulator on Sept 23.
From FY2025 onwards, all listed companies will be required to report their Scope 1 and 2 greenhouse gas (GHG) emissions. They will also have to start incorporating the climate-related requirements issued by the International Sustainability Standards Board (ISSB) into their climate-related disclosures.
