- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
SGX RegCo has enhanced its sustainability reporting framework by requiring the incorporation of the IFRS Sustainability Disclosure Standards (IFRS S1 - General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 - Climate-related Disclosures) issued by International Sustainability Standards Board (“ISSB”), building on TCFD recommendations. The standards will form a global baseline of sustainability-related disclosures and for disclosing the effect of climate-related risks and opportunities on a company’s prospects respectively.
The ISSB has issued application guidance, which forms an integral part of the IFRS Sustainability Disclosure Standards, on, among others, the following topics: a) identifying sustainability-related risks and opportunities and disclosing material information about such risks and opportunities; b) applying scenario analysis to assess climate resilience; c) measuring GHG emissions, including Scope 3 GHG emissions; d) disclosing information relevant to the cross-industry metric categories; and e) disclosing information about the climate-related targets that have been set or are required to be met by law or regulation.
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.