SGX climate reporting
SGX Listing Rules 711A/711B — Sustainability Reporting incl. ISSB-based climate reporting
Topic : Climate · Level : Stock exchange
Today
Scope 1-2 mandatory for all issuers from FY2025. Full ISSB climate: STI from FY2025; others delayed to FY2028/FY2030.
Summary
All SGX issuers report Scope 1-2 emissions from FY2025. STI constituents apply full ISSB-based climate rules from FY2025 and Scope 3 from FY2026. In Aug 2025 Singapore delayed full rules for other issuers to FY2028 or FY2030; limited assurance on Scope 1-2 starts FY2029.
Who is concerned
- Turnover
- not specified (market cap ≥S$1bn splits non-STI phases)
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Triggering activities
- SGX Mainboard or Catalist listing
- STI constituent: earliest full ISSB phase
- Extraterritorial reach
- No
STI issuers' Scope 3 (from FY2026) pulls emissions data from suppliers abroad.
- Examples
- STI bank or REIT with Asian supply chain
- Singapore-listed commodity trader
- Catalist manufacturer with China plants
What the law requires
- Report Scope 1 and 2 GHG emissions annually (all issuers, from FY2025)
- Apply ISSB-based climate disclosures per phase (STI FY2025; others FY2028/FY2030)
- Report Scope 3 emissions (STI from FY2026; voluntary for other issuers)
- Obtain external limited assurance on Scope 1-2 from FY2029
Penalties
SGX Listing Rules breach: reprimand, suspension or delisting; Disciplinary Committee fines up to S$250,000 per breach, S$1m per hearing.
What this changes for a supplier in China
STI companies must report Scope 3 from FY2026. Chinese suppliers to these groups get carbon data requests; smaller SGX issuers' requests stay voluntary.
Expected evidence
- Scope 1-2 GHG inventory
- Product or contract-level carbon allocation
- Energy consumption records
Tiers : Tier 1