SGX climate risk reporting surges to 87% as integration lags

A 25-point gap shows disclosure outpaces integration into risk frameworks.

Disclosure of climate-related risk processes increased in 2025, with 87% of Singapore Exchange (SGX)-listed issuers describing how they identify and assess climate risks, up from 69% in 2024 and 38% in 2023, according to the Climate Reporting Review 2025.

A total of 83% of issuers disclosed how they manage climate-related risks in 2025, compared with 72% in 2024 and 40% in 2023.

Integration of climate-related risks into overall risk management frameworks also increased, but at a slower pace. The reported noted that 62% decribed how the processes are integrated into overall risk management, up from 48% in 2024 and 29% in 2023.

Some issuers continue to treat climate-related risks separately from overall risk management despite the rise in disclosure.

Overall the report found that issuers disclosed an average of nine recommended disclosures under the Task Force on Climate-related Financial Disclosures framework, up from eight in 2024. Over 60% reported at least 10 disclosures, whilst 36% provided all 11, up from 28% a year earlier.