Singapore Exchange to Integrate IFRS Sustainability Standards into Climate Reporting

MT Newswires09-24

Singapore Exchange (SGX:S68) will improve its sustainability reporting framework by incorporating IFRS Sustainability Disclosure Standards starting in the financial year 2025, according to a Monday filing on the Singapore Exchange.

All issuers must report Scope 1 and Scope 2 greenhouse gas (GHG) emissions.

The move follows broad support from a public consultation, despite challenges for smaller companies regarding Scope 3 emissions reporting. A one-year transition relief for Scope 3 disclosures is in place.

"Disclosure of Scope 1 and Scope 2 GHG emissions is crucial for enabling larger issuers to report Scope 3 emissions," said Tan Boon Gin, CEO of SGX RegCo.

While climate reporting begins in FY25, other sustainability report components will be mandated from FY26. Issuers without external assurance must issue sustainability reports with their annual reports from FY26.

Price (SGD): S$11.36, Change: S$+0.080, Percent Change: +0.71%

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10-11
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A one-year transition relief for Scope 3 disclosures is in place.</p><p>\"Disclosure of Scope 1 and Scope 2 GHG emissions is crucial for enabling larger issuers to report Scope 3 emissions,\" said Tan Boon Gin, CEO of SGX RegCo.</p><p>While climate reporting begins in FY25, other sustainability report components will be mandated from FY26. Issuers without external assurance must issue sustainability reports with their annual reports from FY26.</p><p>Price (SGD): S$11.36, Change: S$+0.080, Percent Change: +0.71%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0205439572.USD":"富达亚太股息基金","LU0877626530.USD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU1119993845.HKD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (HKDHDG) INC","FSTAS.SI":"富时海峡全股指数","ES3.SI":"STI ETF","SG9999001135.SGD":"United ASEAN Fund SGD","S68.SI":"新加坡交易所","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6516":"银行与投资服务概念","FSTM.SI":"富时海峡中盘指数","BK6033":"金融交易所和数据","BK6523":"ESG概念","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2469833734","content_text":"Singapore Exchange (SGX:S68) will improve its sustainability reporting framework by incorporating IFRS Sustainability Disclosure Standards starting in the financial year 2025, according to a Monday filing on the Singapore Exchange.All issuers must report Scope 1 and Scope 2 greenhouse gas (GHG) emissions.The move follows broad support from a public consultation, despite challenges for smaller companies regarding Scope 3 emissions reporting. 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