SGX RegCo seeks feedback on adopting ISSB standards into sustainability reporting rules

1 month ago 62

Staff Reporter

, Singapore

Consultation is open until 5 April 2024.

SGX RegCo is consulting the market on how to incorporate International Sustainability Standards Board (ISSB) standards into its sustainability reporting rules for climate-related disclosures.

This is in line with the Sustainability Reporting Advisory Committee’s recommendations announced on 28 February 2024.

SGX also seeks feedback on a proposal to make primary components mandatory on sustainability reports from the current “comply” or “explain” basis. 

“SGX-listed issuers have improved their sustainability reporting over the years. Most already undertake climate-related disclosures based on the TCFD recommendations. The ISSB Standards have since been launched globally to meet demand for more consistent and comparable disclosures. We want to help issuers report based on these new standards so that they are ready for a low-carbon future,” Tan Boon Gin, CEO of SGX RegCo said.

The consultation is open until 5 April 2024.

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