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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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>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Exchange to Integrate IFRS Sustainability Standards into Climate Reporting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Exchange to Integrate IFRS Sustainability Standards into Climate Reporting\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2024-09-24 10:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> 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.</p><p>All issuers must report Scope 1 and Scope 2 greenhouse gas (GHG) emissions.</p><p>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.</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","BK6033":"金融交易所和数据","STI.SI":"富时新加坡海峡指数","BK6523":"ESG概念","S68.SI":"新加坡交易所","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU1119993845.HKD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (HKDHDG) INC","LU0877626530.USD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","FSTAS.SI":"富时海峡全股指数","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999001135.SGD":"United ASEAN Fund SGD","ES3.SI":"STI ETF","BK6516":"银行与投资服务概念","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","FSTM.SI":"富时海峡中盘指数","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H"},"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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