Sustainability reporting, carbon credits among key concerns ahead of Budget 2025
Tax incentives and help with training to handle the reporting requirements are on the wish list
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MORE assistance for sustainability reporting and guidance on carbon credit usage are on companies’ environmental, social and governance (ESG) wish list for Budget 2025.
Some also expect Prime Minister Lawrence Wong, who is also the finance minister, to speak about infrastructure for adapting to climate change in the Budget speech on Tuesday (Feb 18).
The cost and talent requirements for sustainability reporting are key concerns for companies. All Singapore-listed companies are required to make climate disclosures aligned with the International Sustainability Standards Board from FY2025. Large non-listed companies will also have to do so from FY2027.
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