ACRA Launches Public Consultation for Singapore Sustainability Disclosure Standards
The Accounting and Corporate Regulatory Authority (ACRA) in Singapore has initiated a public consultation on the draft Singapore Sustainability Disclosure Standards. These standards aim to define what companies must report regarding their climate-related risks, strategies, and opportunities. The consultation period runs from July 27 to October 25, 2026. The proposed rules are based on international frameworks such as those of the International Sustainability Standards Board (ISSB), with two standards: SFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and SFRS S2 Climate-related Disclosures. While both align with IFRS, only SFRS S2 will be mandatory under ACRA's proposal. ACRA is also developing the Sustainability Assurance Body of Knowledge (SA BOK) to build expertise in sustainability assurance. The government supports companies through grants like the Sustainability Reporting Grant as they prepare for compliance.
Topics: climate_reporting corporate_sustainability government_regulation