Climate Reporting In Singapore: Understanding The New Timelines And Next Steps

Climate reporting refers to the public disclosure by companies of information on their greenhouse gas (GHG) emissions, climate-related risks, opportunities, governance, strategy, and targets relating to sustainability. Listed companies in Singapore were required to report climate-related information on a "comply-or-explain" basis from the financial year 2022. A year later, climate reporting became mandatory for companies in the financial, agriculture, food and forest products, and energy sectors. The materials and buildings and transportation sector were added to this list in 2024. Other listed companies continued to report on a "comply-or-explain" basis, reflecting Singapore's measured transition towards full mandatory climate reporting aligned with global standards.