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Home / News / Singapore Delays Full Climate Disclosure Requirements for Smaller Companies

Singapore Delays Full Climate Disclosure Requirements for Smaller Companies

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: 

  • For non-STI constituents with a market cap below $1 billion: Full climate-related disclosures, aligned with International Sustainability Standards Board (ISSB) standards, will be required from financial year (FY) 2030, a significant delay from the original FY2025 timeline. 
  • For non-STI constituents with a market cap of $1 billion and above: Compliance with ISSB-aligned disclosures is now deferred to FY2028. 
  • All listed companies, regardless of size, must still report their operational emissions (Scope 1) and those from electricity use (Scope 2) starting from this financial year. This is a key measure to track decarbonization progress. 
  • External limited assurance for Scope 1 and 2 emissions will also be deferred by two years for all listed companies, moving to FY2029. 
  • Reporting requirements for STI constituents remain unchanged. They will continue to lead the way with full ISSB-aligned reporting from FY2025 and are expected to report on indirect emissions from their supply chain (Scope 3) from FY2026. 

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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