Singapore Mandates Climate Disclosure for Listed Companies
Singapore is fortifying its climate disclosure requirements, with plans to mandate reporting for listed companies. The city-state is investing in digital infrastructure to connect sustainability data platforms, aiming to build trust and attract institutional capital.
Initially, the mandate will focus on scope 1 and 2 greenhouse gas emissions, with all listed companies required to report from FY2025 onwards. Larger firms will also need to disclose scope 3 value chain emissions from FY2026. This balanced approach ensures that global standards are met while not overburdening smaller companies.
Singapore's approach ensures disclosures are material and not merely a compliance exercise. It aims to align reporting quality with the International Sustainability Standards Board (ISSB) benchmarks before broader rollout. Currently, most companies have delayed ISSB-based disclosures by up to five years.
Singapore's commitment to robust, material climate disclosures is expected to enhance trust and attract institutional capital. The balanced rollout ensures that global standards are met while addressing the needs of smaller companies, facilitating a sustainable and effective transition to mandatory reporting.
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