Singapore Mandates Climate Disclosures for Listed Companies by 2025
Singapore is set to mandate climate change disclosures for listed companies, with a strategic approach combining phased reporting, digital infrastructure, and global alignment. The move aims to build a robust climate finance ecosystem, with all companies disclosing scope 1 and 2 emissions by FY2025.
The city-state's digital infrastructure initiatives, such as Gprnt, are designed to connect sustainability data, reporting platforms, and financial institutions into one ecosystem. This will facilitate reliable and interoperable reporting, a goal also shared by the International Emissions Trading Association (IETA), which collaborated with the World Bank's Carbon Market Infrastructure Working Group to develop guidelines.
Singapore's regulators are committed to ensuring disclosures are material, comparable, and credible, not merely a compliance exercise. The phased rollout aligns with the International Sustainability Standards Board (ISSB) benchmarks, strengthening credibility before broader implementation. While delays in climate change disclosure requirements have been positioned as a strategic recalibration to build stakeholder support, other Asia-Pacific markets like Australia, Japan, and South Korea are also making progress on climate change disclosure and action.
By FY2026, the largest listed firms in Singapore will be required to disclose scope 3 value chain emissions, building on the initial scope 1 and 2 emissions disclosures. This comprehensive approach signals Singapore's commitment to driving meaningful climate change action through transparent and credible reporting.
