Singapore Delays Climate Reporting Rules to Support Smaller Firms
Singapore has announced a revised timeline for mandatory climate reporting, giving smaller companies more time to prepare.
Under the new schedule, all listed firms will still be required to disclose Scope 1 and 2 emissions from FY2025.
The largest listed companies will add Scope 3 disclosures in FY2026.
For other listed firms, climate reporting will begin in FY2028 or FY2030, depending on company size,
with external assurance pushed back to 2029. Large non-listed firms will start reporting only from FY2030,
with assurance following in 2032. Scope 3 reporting remains voluntary for most companies.
Regulators explained that this phased approach aims to balance climate ambition with
business readiness.
Reference: ESG Today