SGX RegCo sets new standards in sustainability reporting starting FY2025
Issuers must incorporate the latest international standards into their sustainability report.
Starting FY2025, the Singapore Exchange Regulation (SGX RegCo) will start incorporating the IFRS Sustainability Disclosure Standards into its sustainability reporting rules.
SGX RegCo will require all issuers to start reporting Scope 1 and Scope 2 greenhouse gas (GHG) emissions.
The regulatory watchdog is also looking to require larger issuers to report Scope 3 GHG emissions starting FY2026.
Meanwhile, the other primary components of a sustainability report apart from climate-related disclosures will be mandated from FY2026 to give issuers enough time to focus on climate-related disclosures in FY2025.
“The disclosure of Scope 1 and Scope 2 GHG emissions is an important step to enable larger issuers to report their Scope 3 GHG emissions. SGX RegCo on our part will continue to facilitate capacity building to assist issuers on their climate reporting journeys,” said Mr Tan Boon Gin, CEO of SGX RegCo.
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