Mandatory Sustainability Reporting
Investors are increasingly focus more on sustainability performance and how it is translated into social and environmental impacts and how it is improved operating efficiency and natural resource stewardship, and it remains a vital component of shareholder, employee, and stakeholder relations.
MANDATORY SUSTAINABILITY REPORTING REQUIREMENT
Singapore Stock Exchange Sustainability Reporting Requirement
Scoped Entities
Timeline
ESG Funds (required by the Monetary Authority of Singapore
(MAS) per Circular No. CFC 02/2022)
Effectivity date 1 January 2023
All listed issuers to issue a complete sustainability report
For financial year ending on or after December 31, 2017
All listed issuers to include TCFD recommendations on their
sustainability reports:
- Climate reporting is mandatory for all issuers on a ‘comply or explain’ basis.
- Climate reporting is mandatory for issuers in (a) financial industry; (b) agriculture, food and forest products industry; and (c) energy industry. For other issuers, climate reporting on a ‘comply or explain’ basis.
- Climate reporting is mandatory for issuers in (a)
financial industry; (b) agriculture, food and forest
products industry; (c) energy industry; (d) materials and
buildings industry; and (e) transportation industry.
For other issuers, climate reporting on a ‘comply or explain’ basis.
- For financial year ending on or after December 31, 2022
- For financial year ending on or after December 31, 2023
- For financial year ending on or after December 31, 2024
Bursa Malaysia Sustainability Reporting Requirement
Enhanced Sustainability Reporting Requirements
Timeline (Main Market)
Timeline (Ace Market)
- 9 common sustainability matters and indicators
Common sustainability indicators data and targets (at least three financial years)* - Statement of Assurance (internal or independent)
For financial year ending on or
after December 31, 2023
For financial year ending on or after December 31, 2025
- 9 + 2 common sustainability matters and indicators (waste and emissions management)
- Transition plan disclosures (only for Ace Market Registrants)
For financial year ending on or
after December 31, 2024
For financial year ending on
or after December 31, 2026
- Prescribed sustainability information
N/A
For financial year ending on
or after December 31, 2024
TCFD-aligned climate-related disclosures
- Cover all recommended disclosures under the four
TCFD pillars i.e., Governance, Strategy, Risk
Management, and Metrics and Targets for the FYE on
or after 31 December 2025 onwards.
An incremental approach introduced for ‘specified elements’4, where PLCs may disclose their progress or status towards meeting the full disclosure of the specified elements for a period of two years.
For financial year ending on or
after December 31, 2025
N/A
- Full TCFD-aligned disclosures to be achieved for the FYE on or after 31 December 2027
For financial year ending on or
after December 31, 2027
N/A
