- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Did you know there will be major changes to the GRI reporting framework on 1 Jan 2023? GRI Standards 2021 is effective for sustainability reports published on or after 1 January 2023. GRI had published its revised GRI Standard 2021 (on 5 October 2021) which requires companies to increase their level of transparency and further resources into non-financial reporting on 1 January 2023. Key changes are summarised as follows:
11 Main Changes (Effective 1 January 2023) Changes to Reporting Approach (Please see Point 3 below) Major changes within former GRI 201 (now GRI 2) – Requires mandatory disclosures Revised approach in determining materiality of topics Embed mandatory human rights-related disclosures for all reporting orgainsations Increased focus on impact reporting Introduction of sector-specific standards
This update is a summary of publicly available regulatory guidance prepared by SAC Capital Private Limited for general information. It is not legal advice. Issuers should refer to the SGX Listing Rules and consult their sponsor or legal adviser.