SGX RegCo and Acra announced on Aug 25 a five-year delay for small- and mid-cap Singapore-listed companies to report full climate disclosures, along with other extensions for listed and non-listed companies.
Singapore Exchange Regulation (SGX RegCo) and the Accounting and Corporate Regulatory Authority (Acra) may have extended the timelines for mandatory climate reporting, but Singapore is not “softening” its commitment to sustainability reporting, says Ravi Menon, Singapore’s ambassador for climate action.
In 2024, Singapore introduced mandatory climate reporting based on IFRS International Sustainability Standards Board (ISSB) standards. The original requirement was for all listed companies to do so by FY2025 and large non-listed companies to do the same by FY2027.
