On 31st January 2022, the Climate Disclosure Standards Board (CDSB) was consolidated into the IFRS Foundation to support the work of the newly established International Sustainability Standards Board (ISSB). While this site and its resources remain relevant for preparers looking to improve sustainability disclosure until such time as the ISSB issues its IFRS Sustainability Disclosure Standards on such topics, no further work or guidance will be produced or published by CDSB. For further information please visit the IFRS website.

Singapore Exchange introduces mandatory sustainability reporting

The Singapore Exchange (SGX) has introduced a comply or explain requirement for their issuers, to be introduced after 31st December 2017.

Issuers will now be required to report on ESG factors, including environmental factors that broadly include materials, energy, water, emissions, effluents and waste as well as environmental complaint mechanism.

Amongst the globally recognised sustainability reporting frameworks, the recently published SGX Guide lists the CDSB Framework as a framework to report environmental information required by the exchange. Issuers are expected to follow their chosen framework from year to year, ensuring consistency and comparability which will lead to increased confidence for stakeholders and investors.

Click here to read the full guide.

Image source: Jan/Flickr