Singapore regulator drops 2026 timeline on ISSB-aligned Scope 3 disclosures for listed firms

Quick Summary:

SGX RegCo's mandatory climate reporting rules – effective from 2025 – exclude a fixed timeline for reporting Scope 3 emissions, or indirect value chain emissions, after a public consultation found that issuers might not be ready for it.

The much-anticipated rules now exclude a firm timeline for disclosing Scope 3 emissions or indirect value chain emissions, which typically account for over 70 per cent of a firm’s carbon footprint.

The original timeline for Singapore-listed companies to start disclosing their Scope 3 emissions was 2026, in line with the ISSB’s one-year transition relief for doing so.

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Article Details

Author / Journalist: Gabrielle See

Category: EconomyBusiness

Markets: SingaporeAustraliaChinaHong KongJapanMalaysiaUnited Kingdom

Topics: Climate finance Sustainable finance Carbon accounting Carbon footprint Scope 2 Scope 1 Net zero ESG Climate risk Reporting Scope 3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-22 @ 21:05:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1042 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22758899

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