Singapore eases climate reporting timelines
Singapore has pushed back several climate reporting deadlines, giving listed and large non-listed companies more time to build the systems needed for International Sustainability Standards Board (ISSB)-based disclosures. The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) said the move reflects both economic uncertainty and uneven readiness across companies.
The new framework keeps some requirements in place. All listed firms must still report Scope 1 and 2 greenhouse gas emissions from FY2025, while Straits Times Index constituents remain first movers on broader ISSB-based climate disclosures from FY2025 and Scope 3 reporting from FY2026. Other listed companies will phase in gradually, with full external assurance deferred until FY2029. Large non-listed companies, meanwhile, won’t need to begin climate reporting until FY2030.
Officials stressed that the staggered approach balances compliance costs with capacity-building, while still aligning corporate reporting with Singapore’s 2050 net-zero target. High-quality climate data takes time, resources, and consistent reporting structures; extending timelines may slow comparability in the short run, but it also creates the conditions for stronger, more reliable disclosures when companies are ready.
Read ACRA and SGX RegCo’s full announcement here.
