With the paper, SGX RegCo solicits feedback from the market on how the standards of the International Sustainability Standards Board (ISSB) should be incorporated into the reporting requirements for climate-related disclosures. This follows a recommendation of the Sustainability Reporting Advisory Committee announced in February 2024.

SGX RegCo proposes to amend its listing rules and its Sustainability Guide Compass. According to the press release, the amendments would include the following: 

• From FY 2025, issuers should refer to both IFRS S1 and IFRS S2 in preparing climate-related disclosures, including any (permanent) structural and (temporary) transition reliefs;
• From FY 2025, issuers should disclose Scope 1 and Scope 2 greenhouse gas (GHG) emissions and the measurement approach;
• From FY 2026, issuers should disclose applicable categories of Scope 3 GHG emissions;
• Issuers should disclose industry-based metrics and cross-industry metric categories relevant for climate-related disclosures;
• From FY 2025, the sustainability report should be issued according to current timelines; and
• From FY 2026, the sustainability report should be issued together with the annual report.

Please click to access the press release and the consultation paper on the SGX RegCo website.