The Accounting and Corporate Regulatory Authority and Singapore Exchange Regulation have joined forces to launch a public consultation on the recommendations by the Sustainability Reporting Advisory Committee with one goal in mind - to advance climate reporting here.
The recommendations require Listed Issuers to lead the way and report International Sustainability Standards Board -aligned climate-related disclosures starting from financial year 2025.
Large Non-Listed Companies with annual revenue of at least $1 billion will follow suit in FY2027.
The public consultation launched today will run until the end of September this year.