Climate reporting consultation paper
🌳SGX Group and ACRA - Accounting and Corporate Regulatory Authority have launched a public consultation that will advance climate reporting among Singapore companies. 💡In fact, did you know that all listed companies already needed to report their environmental, social and governance (ESG) practices from the financial year ending Dec 31, 2017 onwards? 🌳The Sustainability Reporting Advisory Committee (SRAC) has now recommended that all listed companies carry out climate reporting from FY2025. The SRAC also recommended that #climaterelated #disclosures be reported in alignment with the new standards of the International Sustainability Standards Board (ISSB). 🌳What I think is interesting is that this consultation also proposes for climate reporting by non-listed companies with annual revenue of at least S$1 billion. 🙋♀️Given the urgency to act for climate change now, I wonder if this should be a lower threshold as there aren’t many companies in Singapore with this hi...