Singapore’s ACRA opens consultation on sustainability disclosure rules

The Accounting and Corporate Regulatory Authority (ACRA)'s Interim Sustainability Standards Committee (Interim SSC) has launched a nationalist consultation connected the draught Singapore Sustainability Disclosure Standards.

These projected standards volition outline the accusation companies would request to study connected however they negociate climate-related risks and opportunities.

The consultation volition tally from 27 July to 25 October 2026. Feedback volition beryllium utilized to finalise the standards.

The determination follows earlier efforts to signifier the city-state's clime reporting regime.

In 2022, ACRA and Singapore Exchange Regulation acceptable up a Sustainability Reporting Advisory Committee to gully up a roadworthy representation for mandatory clime reporting and assurance, to beryllium rolled retired successful stages.

Implementation timelines were aboriginal revised successful August 2025, giving companies much clip to physique up their clime reporting capabilities.

In May 2025, ACRA formed the Interim SSC to make Singapore's sustainability disclosure and assurance standards successful enactment with planetary benchmarks.

The committee has present produced draught disclosure standards and is seeking nationalist feedback.

The draught Singapore Sustainability Disclosure Standards are anchored successful the International Sustainability Standards Board (ISSB) model and, similar the ISSB's, dwell of 2 standards.

The archetypal is Singapore Financial Reporting Standards (SFRS) S1 General Requirements for Disclosure of Sustainability-related Financial Information, which is based connected International Financial Reporting Standards (IFRS) S1 General Requirements for Disclosure of Sustainability-related Financial Information.

The 2nd is SFRS S2 Climate-related Disclosures, which is based connected IFRS S2 Climate-related Disclosures.

Adjustments person been made to tailor the Singapore Sustainability Disclosure Standards to section conditions.

In particular, the Interim SSC is proposing that lone SFRS S2 beryllium made mandatory, portion SFRS S1 would stay voluntary.

Alongside the consultation, ACRA is introducing the Sustainability Assurance Body of Knowledge (SA BOK) to enactment the build-up of sustainability assurance skills.

ACRA volition enactment with the Skills and Workforce Development Agency and grooming providers to rotation retired programmes based connected the SA BOK.

The authorization besides noted that the authorities has been extending enactment to companies done the Sustainability Reporting Grant, aimed astatine helping businesses hole for mandatory clime reporting up of their compliance deadlines.

ACRA CEO Chia-Tern Huey Min said: "Meeting the mandatory clime reporting and assurance requirements is simply a multi-year travel for preparers and assurance providers alike.