Mandatory Climate Reporting for Listed Issuers from FY 2025, and Large Non-Listed Companies to Follow from FY 2027

On 28 February 2024, the Accounting and Corporate Regulatory Authority (ACRA) and the Singapore Exchange Regulation ("SGX RegCo") announced details of mandatory climate-related disclosure (CRD) for:

1. issuers listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") ("listed issuers") from financial year ("FY") 2025; and
2. large non-listed companies limited by shares with annual revenue of at least S$1 billion and total assets of at least S$500 million (unless exempted) from FY 2027.

The new requirements are part of a finalised climate reporting and assurance implementation roadmap set out in the Response paper (available here). It follows from consultations on the recommendations from the Sustainability Reporting Advisory Committee.

SGX RegCo separately conducted a public consultation on its proposed amendments to the listing rules of the SGX-ST to implement the above recommendations, as set out in its Consultation Paper on "Sustainability Reporting: Enhancing Consistency and Comparability" issued on 7 March 2024. The consultation closed on 5 April 2024.

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