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Singapore listcos must report direct and indirect greenhouse gas emissions from FY2025

Current plan is to ‘prioritise’ larger issuers to report Scope 3 emissions from FY2026

Ranamita Chakraborty

Ranamita Chakraborty

Published Mon, Sep 23, 2024 · 05:00 AM
    • It will be mandatory for SGX-listed companies to disclose the primary components of their sustainability reports from FY2026, a departure from the current "comply or explain" regime.
    • It will be mandatory for SGX-listed companies to disclose the primary components of their sustainability reports from FY2026, a departure from the current "comply or explain" regime. PHOTO: YEN MENG JIIN, BT

    SINGAPORE-LISTED companies must start reporting their Scope 1 and Scope 2 greenhouse gas (GHG) emissions from the 2025 financial year, according to an enhanced sustainability reporting regime announced by the Singapore Exchange Regulation (SGX RegCo).

    Scope 1 covers an entity’s direct emissions; Scope 2 covers indirect emissions from the generation of the electricity purchased to power a company’s operations.

    SGX RegCo on Monday (Sep 23) said it will start adopting the latest standards developed by the International Sustainability Standards Board (ISSB), a global accounting standards body, into its sustainability-reporting regime.

    ESGSGXSustainability reportingsustainable finance

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