On 25 September 2024, the Singapore Exchange Regulation (“SGX RegCo“) released changes to the sustainability reporting requirements set out under the Listing Rules (Mainboard) and the Listing Rules (Catalist) (collectively, “Listing Rules“). These changes are aimed at enhancing consistency and comparability of sustainability reports. Importantly, they incorporate the latest international standards into SGX RegCo’s sustainability reporting regime, namely the International Financial Reporting Standards Sustainability Disclosure Standards issued by the International Sustainability Standards Board.
Initial changes to the Listing Rules will take effect from 1 January 2025 and will require all SGX-listed issuers to disclose their Scope 1 and Scope 2 greenhouse gas emissions, beginning with financial year 2025. Further changes encompassing reporting timeline and mandatory disclosure of primary components of a sustainability report will take effect from 1 January 2026.
For more information, click here to read the full Legal Update where we provide an overview of the salient requirements relating to mandatory climate reporting set out in the amended Listing Rules.
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