Governance Briefing — Singapore mandatory climate reporting for listed issuers
All Singapore Exchange-listed issuers must adopt ISSB-aligned climate reporting for financial years beginning in 2025, following the joint ACRA–SGX sustainability reporting roadmap.
Executive briefing: On 28 July 2023 the Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) announced a phased sustainability reporting roadmap. Listed issuers must adopt ISSB-aligned climate disclosures for financial years commencing in 2025, with assurance required from FY2027. Boards must oversee climate governance, risk management, and target-setting in line with the ISSB framework and SGX Listing Rule 711B.
Key governance signals
- Board accountability. Boards are responsible for climate strategy, risk oversight, and ensuring data quality ahead of limited assurance.
- Management integration. Issuers must describe management’s roles and how climate governance connects to internal controls and reporting processes.
- Assurance readiness. Limited assurance over climate disclosures begins with FY2027 reports, requiring early control design and testing.
Action checklist
- Refresh board and committee charters to reflect SGX climate governance expectations and reporting cadence.
- Align existing TCFD reports with ISSB disclosure structure, identifying data and governance gaps.
- Plan assurance readiness by documenting controls, evidence repositories, and management review procedures.
Enablement moves
- Deliver director and senior management training on ISSB standards, investor expectations, and assurance implications.
- Deploy integrated data platforms capturing emissions, scenario analysis, and governance documentation.
- Coordinate with external auditors early to scope assurance engagements and remediation plans.
Sources
Zeph Tech supports Singapore issuers with ISSB alignment by orchestrating governance upgrades, disclosure controls, and assurance readiness programmes.