Singapore is entering a new phase of ESG regulation, driven by climate-reporting standards aligned with the ISSB/IFRS framework. The objective is to strengthen transparency, comparability, and market confidence while supporting sustainable finance.
What’s Changing
For SGX-listed companies
From FY2025: Mandatory ISSB-aligned climate disclosures, including Scope 1 & 2 emissions.
From FY2026: Broader ISSB requirements and mandatory Scope 3 reporting for STI companies.
By FY2029: External limited assurance for Scope 1 & 2 emissions.
For large non-listed companies
From FY2030: Mandatory ISSB-aligned climate disclosures (Scope 1 & 2) for firms meeting size thresholds.
Why It Matters
Listed companies: Must enhance data systems, emissions accounting and governance to meet stricter disclosure and assurance expectations.
Large private companies: Need to begin capability-building early due to upcoming obligations.
Investors and lenders: Benefit from consistent, comparable and auditable climate information.
Singapore’s broader ecosystem: Gains stronger global alignment and improved access to sustainable finance.
Commercial Impact — Procurement
Government and major private buyers now integrate environmental criteria into tender evaluations.
Examples:
Government procurement may allocate up to 5% of tender points to environmental factors.
Changi Airport Group requires minimum environmental scores to qualify.
SMRT assigns a 5% sustainability weighting and requires Scope 3 emissions disclosures from bidders.
ESG compliance is increasingly tied to contract eligibility and competitive advantage.
Conclusion
Singapore’s ESG landscape is advancing rapidly, with mandatory climate disclosures expanding across sectors. Organisations must strengthen reporting capabilities, emissions measurement and governance to stay compliant and competitive.
If your organisation needs support with ESG compliance, climate reporting or tender-readiness, our team can assist at every stage.