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Singapore’s regulators, the Accounting and Corporate Regulatory Authority (Acra) and Singapore Exchange Regulation (SGX RegCo), have announced a five-year delay for most climate-related reporting for smaller and mid-sized listed companies. This decision aims to give businesses more time to build their reporting capabilities and manage compliance costs.
The new timelines are part of a tiered approach based on a company’s market capitalization:
Regulators cited feedback from the Singapore Business Federation, highlighting that many companies were not ready to meet the original deadlines. The extended timelines are seen as a way to help companies balance compliance with developing the long-term capabilities needed to maintain their place in global supply chains.
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