Frequently asked questions

Yes. SGX Listing Rule 711A requires every issuer to issue an annual sustainability report. Rule 711B and Practice Note 7.6 set the primary components, climate requirements and preparation guidance.

All SGX-listed issuers report Scope 1 and Scope 2 greenhouse gas emissions from financial years commencing on or after 1 January 2025. STI constituents also report other ISSB-based climate disclosures from FY2025 and Scope 3 from FY2026. Other listed-company tiers phase in the remaining ISSB-based disclosures from FY2028 or FY2030. Qualifying large non-listed companies generally begin in FY2030, subject to exemptions.

A non-listed company is generally within the large-company threshold when it has annual revenue of at least S$1 billion and total assets of at least S$500 million. A parent-reporting exemption may apply where the required conditions are met. Confirm the detailed rules for the reporting entity and group structure.

The report is normally issued at the same time as the annual report. Where external assurance has been conducted on the sustainability report, Rule 711A allows publication no later than five months after financial year end, subject to the applicable requirements.

The primary components are material ESG factors; climate-related disclosures; policies, practices and performance; targets; the reporting framework used; and the Board statement with the associated governance structure. The reporting process must also be subject to internal review.

GRI is not a separate Singapore statutory requirement. SGX requires an appropriate reporting framework, and many organisations use GRI to report their impacts on the economy, environment and people. The selected framework and extent of application should be stated accurately.

GRI focuses on an organisation’s most significant impacts on the economy, environment and people. IFRS S1 and S2 focus on sustainability-related risks and opportunities that could reasonably affect the entity’s prospects. A company can use both, but should document the different materiality lenses and how they connect.

Only make an explicit compliance statement when all applicable requirements have been met. A report may use selected ISSB concepts or follow Singapore’s phased requirements without being fully compliant with both Standards.

Start with the purpose and reporting basis. SGX expects the issuer to identify material ESG factors and explain the selection process and business relevance. GRI uses impact materiality, while ISSB uses an investor-focused lens based on effects on the entity’s prospects. Keep the evidence, thresholds and approvals for each lens clear.

Under the current roadmap, mandatory Scope 3 reporting begins from FY2026 for STI constituents identified under the applicable test. For other listed issuers, Scope 3 remains voluntary until further notice, although supplier engagement, category screening and data capability building are useful preparation.

Yes. SGX Rule 711B requires the sustainability reporting process to be subject to internal review. This is broader than proofreading: it should test governance, methods, data flows, evidence, approvals and the consistency of disclosures.

External limited assurance over Scope 1 and Scope 2 greenhouse gas emissions is scheduled from FY2029 for listed companies and FY2032 for qualifying large non-listed companies under the current roadmap. Voluntary assurance may be obtained earlier or over additional information.

No. The Carbon Pricing Act directly regulates facilities meeting specified emissions thresholds, while corporate sustainability and climate reporting may apply on a different entity and reporting boundary. Organisations should reconcile the data where relevant, but document legitimate differences.

The carbon tax is S$45 per tonne of carbon dioxide equivalent for emissions years 2026 and 2027. It applies to taxable industrial facilities meeting the statutory threshold. Companies should confirm current NEA rules, allowances and eligible international carbon-credit provisions.

The Resource Sustainability Act requirements apply to prescribed producers, including relevant brand owners, manufacturers, importers and retailers, where the applicable conditions and turnover threshold are met. The company should confirm the reporting cycle, packaging boundary, data and 3R plan requirements directly with NEA.

PUB states that large water users with net water consumption of at least 60,000 cubic metres in the preceding year must meet specified requirements, including metering, a Water Efficiency Manager and annual Water Efficiency Management Plans. Additional recycling requirements apply to certain new industrial projects.

Enterprise Singapore and EDB administer the Sustainability Reporting Grant for eligible companies preparing a first report with ISSB-based climate disclosures before mandatory compliance. Enterprise Singapore also operates an SME Sustainability Reporting Programme for eligible local non-listed SMEs. Eligibility, deadlines and project-start rules should be checked before appointing a provider.

State the purpose, organisation, business footprint, trigger and deadline, reporting boundary, current position, support requested, intended reviewers or users, and any language, format, meeting or confidentiality needs. This produces a more accurate and comparable scope.