Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance

Singapore is implementing a phased approach to mandatory climate-related disclosures (CRD) for listed and large non-listed companies to align financial decisions with its 2050 net-zero target. This includes transitioning from TCFD-based requirements to ISSB standards, with specific timelines for Scope 3 GHG emissions reporting and environmental risk management guidelines for financial institutions issued by the Monetary Authority of Singapore.

• The Singapore Exchange (SGX) required all listed issuers to provide annual sustainability reports starting in 2017, covering ESG factors, policies, targets, reporting frameworks, and board statements on a 'comply or explain' basis.
• Singapore is transitioning to mandatory climate-related disclosures (CRD) aligned with International Sustainability Standards Board (ISSB) standards. All listed issuers must report using these standards from FY2025, with Scope 3 GHG emissions disclosures required from FY2026.
• Starting in FY2027, mandatory CRD will extend to large non-listed companies, defined as those with total assets of at least $500 million and annual revenue of at least $1 billion, though they are exempt from Scope 3 GHG emissions disclosures.
• The Monetary Authority of Singapore (MAS) issued 2022 guidelines for banks, insurers, and asset managers to integrate environmental risk considerations into investment and financing decisions, requiring disclosures to follow frameworks like the TCFD recommendations.

APA

World Resources Institute (2024). Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance. https://www.wri.org/update/singapore-net-zero-corporate-climate-risk-disclosure-private-climate-finance

Chicago

World Resources Institute. Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance. 2024. https://www.wri.org/update/singapore-net-zero-corporate-climate-risk-disclosure-private-climate-finance.

Wikipedia

{{cite report |author=World Resources Institute |title=Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance |date=22 August 2024 |url=https://www.wri.org/update/singapore-net-zero-corporate-climate-risk-disclosure-private-climate-finance |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2024singapore, author = {{World Resources Institute}}, title = {{Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance}}, institution = {World Resources Institute}, year = {2024}, month = aug, url = {https://www.wri.org/update/singapore-net-zero-corporate-climate-risk-disclosure-private-climate-finance}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }