ACRA seeks feedback on sustainability disclosure standards

The standards will keep wider sustainability reporting voluntary.

The Accounting and Corporate Regulatory Authority (ACRA)’s Interim Sustainability Standards Committee launched a public consultation on the draft Singapore Sustainability Disclosure Standards from 27 July to 25 October 2026.

Under the proposed standards, Singapore-incorporated listed companies and large non-listed companies will be required to disclose climate-related financial information, whilst broader sustainability reporting beyond climate remains voluntary, under draft standards released for public consultation.

The proposed Singapore Sustainability Disclosure Standards are built on global frameworks set by the International Sustainability Standards Board and comprise two components. The first is the Singapore Financial Reporting Standards (SFRS) S1, which will make climate-related disclosures mandatory. The second, SFRS S2, covers broader sustainability topics beyond climate and will be voluntary, a deliberate sequencing given Singapore’s climate-first approach, ACRA said.

Companies will be given transition relief, meaning phased timelines before full compliance is required rather than an immediate cutover.

ACRA launched the Sustainability Assurance Body of Knowledge (SA-BOK) to build capability in verifying climate disclosures, addressing what it described as a growing need for credible sustainability information. ACRA will work with the Skills and Workforce Development Agency (SWDA) and training providers to develop programmes aligned with the SA-BOK.

The Sustainability Reporting Grant is also available to help companies prepare their first climate report ahead of their compliance deadline. The grant currently supports reports aligned with the global ISSB standards and will be reviewed to incorporate the Singapore-specific standards once finalised.

The public can access the consultation paper on the REACH consultation portal and the ACRA website. Interested parties may submit their feedback through FormSG by 25 October 2026.

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