ESG & Investing
Singapore Firms Need Better Climate Reporting as New Rules Loom
- Only 28% of companies fully followed TCFD recommendations
- Singapore businesses to adopt ISSB reporting rules this year
Only 29% of the firms are reporting Scope 3 emissions.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Singapore’s listed companies need to improve climate disclosures as regulators are set to impose new standards starting this year, a new study has found.
Fewer than a third of issuers provided all 11 disclosures recommended by the Task Force on Climate-Related Financial Disclosures, according to the study from Singapore Exchange Regulation and the National University of Singapore released Tuesday. It reviewed the latest sustainability reports published through July from 529 companies.