Singapore's Mandatory Climate Reporting: SRAC's Key Recommendations Explained
Mandatory climate-related disclosures (CRD) are coming to Singapore. In Episode 7 of GreenCo's Singapore Green Plan series, we break down the key recommendations of the Sustainability Reporting Advisory Committee (SRAC), published in 2023, and what they mean for when, and for whom, climate reporting becomes mandatory.
Key Themes of SRAC's Recommendations
- Mandatory climate-related disclosures aligned with the ISSB Standards for listed companies
- Extending climate reporting to large non-listed companies
- Phased reporting of greenhouse gas emissions, starting with Scope 1 and Scope 2
- External limited assurance of Scope 1 and Scope 2 emissions
- A staggered timeline so companies have time to build their capabilities
Timeline Update (August 2025)
ACRA and SGX RegCo have since extended the timelines for most climate reporting and assurance requirements. Companies in the Straits Times Index continue to report from FY2025, while other listed companies and large non-listed companies now have more time. For some non-STI listed companies, Scope 3 emissions reporting is voluntary until further notice. Starting early is still the best way to stay ahead. See GreenCo's climate disclosure advisory.
Watch the Full Singapore Green Plan Series
Previous: Episode 6 – IFRS S2 Climate-related Disclosures
Next: Episode 8 – Climate Reporting Exemptions: Does Your Company Qualify?
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These learning videos are produced by GreenCo, an ESG and climate risk advisory firm in Singapore and Hong Kong that has supported more than 80 listed companies since 2016. We provide all-round ESG advisory services under one roof, from sustainability reporting and climate disclosures to GHG accounting, climate scenario analysis, ESG ratings and assurance. We can build your ESG framework, data processes and reports from scratch, and our consultants stay actively involved throughout the whole project, not just at kick-off and sign-off.
We use AI and digital tools to work faster, but AI is a tool, not the advice. The real value comes from our consultants' professional judgement: understanding your business, interpreting the rules, challenging the numbers and making sure every disclosure stands up to scrutiny.
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- Integrity – credible, decision-useful disclosures, prevent greenwashing.
- Partnership – hands-on involvement from day one to end of project.
- Tailored expertise – solutions built around your business.
- Knowledge sharing – making ESG regulations clear and accessible for everyone.
- Innovation – using technology to make sustainability work more efficient.
Our Team's Professional Credentials
- Fellow Certified Public Accountant (FCPA)
- Chartered Financial Analyst (CFA) – CFA Institute
- Financial Risk Manager (FRM) – Global Association of Risk Professionals (GARP)
- Certified ESG Analyst (CESGA)
- Sustainable Investing Certificate – CFA Institute
- GRI Certified Professional
- Practitioner Member – Institute of Sustainability and Environmental Professionals (ISEP)
- GRI Certified Sustainability Professional – Global Reporting Initiative (GRI)