Singapore Delays Climate Reporting for Small, Mid-Sized Listed Companies Five Years

Singapore regulators, including the Accounting and Corporate Regulatory Authority (Acra) and Singapore Exchange Regulation (SGX RegCo), have extended climate reporting deadlines for small and mid-sized listed companies by five years to support their readiness and capability development. While all listed companies must report Scope 1 and 2 emissions starting FY2025, non-Straits Times Index (STI) constituents with market capitalizations below S$1 billion have until FY2030 to comply with full climate-related disclosures aligned with the International Sustainability Standards Board (ISSB). Companies with market capitalizations above S$1 billion but not part of the STI must comply by FY2028, whereas STI constituents will maintain the original FY2025 timeline for comprehensive reporting, including governance, risk, strategy, and Scope 3 emissions starting FY2026. The extension considers feedback from the Singapore Business Federation and reflects the challenges smaller companies face in meeting reporting standards amid global economic uncertainties. The updated approach aims to balance compliance costs with the development of long-term climate reporting capabilities, supporting Singapore’s net-zero target by 2050. This phased implementation strategy allows smaller companies to learn from larger ones and better integrate into global supply chains.