What changed
SGX RegCo introduced mandatory climate-related disclosures aligned with ISSB standards. Singapore is one of the first Asian jurisdictions to mandate climate disclosure at the exchange level.
Timeline
From FY2025, all listed companies must report Scope 1 and 2 emissions. From FY2026, large companies must also report Scope 3. ACRA is extending requirements to large non-listed companies.
What this means in practice
Reporting must follow ISSB standards (IFRS S1 and S2), requiring specific quantified data. Scope 3 covers the entire value chain and represents over 80% of total emissions for many companies.
What companies should do now
Establish emissions measurement systems for Scope 1 and 2 immediately. Begin mapping Scope 3 value chain emissions. Engage auditors familiar with ISSB standards.