Hong Kong, Singapore, Shanghai
Overview: Task Force on Climate-related Financial Disclosures (TCFD) released the Guidance in October 2021 to address recent developments and feedbacks from users, preparers, and other stakeholders in their implementation of the TCFD recommendations by providing additional guidelines for preparers regarding disclosures of climate-related metrics, targets and key information from transition plans.
GreenCo recently completed a Sustainability Report for a technological company listed in Singapore with subsidiaries across the Southeast Asia according to the latest amendments on providing climate-related disclosures announced by the SGX Group.
The SGX Group has amended the listing rules to require issuers to provide climate-related disclosures in the sustainability report from the financial year commencing in 2022 based on the recommendations from the Task Force on Climate-Related Financial Disclosures (“TCFD”) on a “comply or explain” basis.
