SGX RegCo’s update splits the local listco universe into three groups: Straits Times Index (STI) constituents, non-STI constituents with a market capitalisation of $1 billion and above, and non-STI constituents with a market cap below $1 billion.
The Singapore Business Federation’s (SBF) call for Singapore Exchange Regulation (SGX RegCo) to delay mandatory climate-related disclosure for small- and mid-cap Singapore-listed companies by up to two years was prescient after all — Singapore’s bourse regulator and the Accounting and Corporate Regulatory Authority (Acra) announced on Aug 25 a five-year delay for such firms to report full climate disclosures.
Prior to the extension, all listed companies (listcos) had been expected to adhere to the IFRS International Sustainability Standards Board (ISSB) standards from their current FY2025 starting on or after Jan 1.
