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SGX Mandates Climate Reporting Using IFRS Sustainability Disclosure Standards by ISSB starting FY2025

Tembusu Asia Consulting is pleased to share the recent development by SGX RegCo that, starting in financial year (FY) 2025, all issuers will be required to report their climate-related disclosures incorporating the climate-related requirements in the IFRS Sustainability Disclosure Standards, issued by the International Sustainability Standards Board (ISSB)


With the compliance deadline approaching, it is critical for companies to start adapting their reporting frameworks to meet these standards. Early preparation will help ensure smooth implementation and position companies to fulfill these obligations effectively. 


“This is a positive step towards more globally consistent and comparable sustainability-related disclosures, which will enable SGX-listed companies to demonstrate resilience against climate risks as well as seize opportunities in our transition to a low-carbon economy,”

said Mr Lim Tuang Lee, Assistant Managing Director (Capital Markets), Monetary Authority of Singapore


At TEMBUSU Asia Consulting, we are ready to help your company navigate this transition and are proud to be one of the few licensees of the IFRS® Sustainability Disclosure Standards and SASB® Standards


With our team management consultants accredited as Practicing Management Consultants (PMC) by SBACC and recognized by EnterpriseSG, we offer: 

  • Customized consulting services aligned with the new SGX requirements 

  • Comprehensive training to equip your team for these changes. 

  • Guidance on ISSB Reporting that is eligible for the Sustainability Reporting Grant from Enterprise Singapore. 

 

This mandatory reporting requirement is a significant step towards climate resilience. For more information on the SGX mandate, click here


Contact us today to see how we can assist you in preparing for these changes. 


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