More Singapore businesses will have to report sustainability information, starting with listed firms in 2025 – CNA

February 28, 2024

Tang See Kit

28 Feb, 2024

SINGAPORE: All listed companies in Singapore will be required to make climate-related disclosures starting from the financial year (FY) of 2025, said Minister for Transport and Second Minister for Finance Chee Hong Tat on Wednesday (Feb 28).

Such disclosures will have to be done based on local reporting standards that are aligned with the International Sustainability Standards Board, a global accounting standards body.

The new requirement will also apply to large non-listed companies – defined as having annual revenues of at least S$1 billion (US$0.74 billion) and total assets of at least S$500 million – from FY2027, Mr Chee announced, as he laid out the Finance Ministry’s spending plans for the year ahead.

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