- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
1 Climate reporting requirements updates Overview The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) have extended the timelines for mandatory climate-related disclosures (including external assurance), for small and mid-cap Singapore listed companies. Prior to the extension, all listed companies are expected to adhere to the IFRS International Sustainability Standards Board (ISSB) Standards commencing on or after 1 January 2025. With the updated requirement, all listed companies will continue to report Scope 1 & 2 GHG emissions from financial year commencing on or after 1 January 2025, while Straits Times Index (STI) constituents will also report other ISSB- based climate-related disclosures from FY2025 and Scope 3 GHG emissions from financial year 2026.
Updated climate reporting requirements SGX RegCo has categorised listed companies into 3 tiers: • Straits Times Index (STI) constituents; • Non-STI constituent listed companies with a market capitalisation of $1billion and above; • Non-STI constituent listed companies with a market capitalisation below $1billion. • Non-STI listed companies with less than $1billion market capitalisation have until FY2030 to issue full
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.