Business Group Seeks Delay on Tougher Climate Disclosures

The Singapore Business Federation (SBF) has proposed extending the deadline for small and mid-sized companies listed on the Singapore Exchange (SGX) to comply with the latest sustainability disclosure requirements by one to two years.

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This is one of four recommendations released by SBF on June 26. Under SGX Regulation's (SGX RegCo) prevailing sustainability reporting regime, all listed companies have to make climate-related disclosures aligned with standards developed by the International Sustainability Standards Board (ISSB) for financial years that start from Jan 1, 2025.

Only 4 per cent out of 40 listed companies polled by SBF and SGX RegCo between April and May in 2025 were very confident about meeting this timeline, even though all the companies were already preparing for ISSB disclosures. More than 90 per cent of them said extending the timeline for mandatory ISSB disclosures by one or two years would be useful for them to prepare higher-quality sustainability reports. They added that a time extension would not detract them from the work they had already begun.

The three other recommendations from SBF are: