Listed companies in Singapore could be required to make mandatory climate-related disclosures and provide details on their board diversity policy in the coming years, with changes to listing rules proposed by Singapore Exchange Regulation (SGX RegCo).
Issuers would also need to subject their sustainability reports to assurance in future, and all directors could also be required to attend a one-time training on sustainability.
These were among proposals set out in two consultation papers on Thursday as SGX RegCo looks to enhance its sustainability reporting regime amid a growing focus on environmental, social and governance (ESG) factors worldwide.
The regulator – which has mandated sustainability reporting on a comply-or-explain basis since 2016 – said the proposed roadmap to introduce mandatory climate related-disclosures comes amid “urgent demand for such information from lenders, investors and other key stakeholders”.
The original full article can be found at businesstimes.com.sg