Singapore Mandates Corporate Climate Risk Disclosure to Mobilize Private Climate Finance

This case study by the World Resources Institute describes Singapore's strategy to mobilize private climate finance by mandating corporate climate risk disclosures. The approach involves a phased implementation of reporting requirements for listed and non-listed companies, as well as specific environmental risk management guidelines for financial institutions, all aimed at supporting the country's 2050 net-zero target.

• The Singapore Exchange (SGX) began requiring all listed issuers to provide annual sustainability reports for financial years starting in 2017. These reports must include a board statement, sustainability targets, a reporting framework, an overview of ESG factors across the business and value chain, and existing policies and performance.
• Singapore is implementing a phased mandate for climate-related disclosures (CRD) aligned with International Sustainability Standards Board (ISSB) standards. All listed issuers must report and file annual CRD aligned with ISSB from FY2025, with Scope 3 GHG emissions disclosures required from FY2026. Large non-listed companies—those with at least $1 billion in annual revenue and $500 million in total assets—must comply from FY2027, though they are exempt from Scope 3 GHG emissions disclosures.
• The Monetary Authority of Singapore (MAS) issued 2022 guidelines on environmental risk management for insurers, banks, and asset managers. These guidelines, co-created with industry representatives, require disclosures to follow internationally recognized frameworks like the TCFD recommendations to integrate environmental risk into financing and investment decisions.

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} }