SGX Raises the Bar on Sustainability Disclosure
The Singapore Exchange Regulation (SGX RegCo) continues to elevate sustainability reporting standards for listed companies. The 2026 enhanced requirements introduce more rigorous climate disclosure obligations aligned with international best practices.
Key Changes
The updated requirements include mandatory climate-related disclosures based on ISSB and TCFD recommendations for all issuers on the Main Board. Companies must now provide quantitative Scope 1 and Scope 2 greenhouse gas emissions data, with Scope 3 disclosures expected on a comply-or-explain basis. Board-level sustainability governance and climate risk scenario analysis are also required.
Industry-Specific Guidance
SGX has released sector-specific guidance covering financial services, real estate, transportation, and manufacturing. These sector guides help companies identify the most material sustainability topics for their industry and provide templates for consistent disclosure. Maritime and shipping companies listed on SGX face additional expectations around IMO decarbonization alignment.
Assurance Requirements
External assurance of sustainability reports is now mandatory for large-cap issuers and will extend to all Main Board companies progressively. Companies should engage assurance providers early and ensure their data collection processes can withstand external scrutiny.
Preparing for Compliance
Organizations should conduct a gap analysis against the enhanced requirements, invest in automated data collection systems to improve accuracy and timeliness, and train board members on sustainability governance responsibilities. The transition period is shorter than many companies expect — starting preparation now is essential for a smooth compliance process.