Public Consultation on ISSB Standards

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SGListCos convened a dedicated session on Tuesday to gather feedback for the public consultation on Sustainability Reporting, focusing on integrating International Sustainability Standards Board (ISSB) standards into Singapore Exchange Regulation’s SGX RegCo sustainability reporting rules, particularly concerning climate-related disclosures.

Sustainability reporting has been vital for SGX-listed issuers since 2011, becoming mandatory in 2016 under the "comply or explain" principle. Significant strides have been made, especially in climate-related disclosures aligning with TCFD recommendations. Now, with ISSB Standards launched to meet global demands for consistent disclosures, the focus is on preparing for a low-carbon future. Aligned with recommendations from the Sustainability Reporting Advisory Committee, this initiative signifies a concerted effort to enhance transparency and accountability in sustainability reporting, fostering investor confidence and driving sustainable investment decisions.

The session provided a collaborative platform for stakeholders to contribute their insights, ensuring the development of a robust framework that meets the evolving needs of businesses, investors, and society, while positioning Singapore as a leader in sustainable business practices within the region and globally. SGListCos extends heartfelt thanks to all attendees for their valuable contributions and feedback, underscoring the importance of collective action in shaping a sustainable future!

Review the consultation paper at the following link:
https://lnkd.in/gkaziv28