The Institute of Singapore Chartered Accountants (ISCA) and the Singapore Exchange Regulation (SGX RegCo) have announced a collaborative initiative to launch training workshops aimed at enhancing sustainability reporting among Singapore-listed companies.
These workshops will provide an understanding of the International Sustainability Disclosure Standards (ISSB) and support companies in meeting mandatory climate-related disclosure requirements.
This comes following the Singapore government’s early 2024 announcement of mandatory climate-related disclosures.
The workshops will assist companies in transitioning from other internationally recognised standards to the ISSB standards.
The training will focus on the differences between the Global Reporting Initiative (GRI) and ISSB standards, with practical exercises to equip companies with the necessary skills.
ISCA president Teo Ser Luck said: “Our partnership with SGX RegCo highlights the importance of continuous learning in maintaining strong accountability and transparency in Singapore’s capital markets.
“This training programme reflects our commitment to equipping businesses with the knowledge they need to adapt to changing regulatory demands.”
Eight sessions are scheduled from April to September 2025, with the first session taking place on 17 April 2025.
Topics covered will include Singapore’s climate reporting and assurance roadmap, the differences between GRI and ISSB standards, and how to perform climate-related disclosures as per IFRS S2 requirements through practical exercises and case studies.
This initiative builds on previous efforts by ISCA, including the October 2024 launch of a sustainability report based on GRI and IFRS Sustainability Disclosure Standards.
SGX RegCo CEO Tan Boon Gin said: “SGX RegCo is committed to supporting listed companies in adopting the IFRS Sustainability Disclosure Standards. Customers are becoming more discerning about the sustainability credentials of the products and services they consume.
“This in turn will increasingly drive companies to align themselves with the latest standards. Training such as these workshops with ISCA will help companies to meet customer expectations by building up their reporting capabilities.”
SGX RegCo is set to partially sponsor the workshop fees for up to 400 attendees.
Additionally, ISCA has allocated up to S$6m ($4.5m) for the Polytechnic Pathway Programme, which supports local polytechnic graduates in obtaining the Singapore Chartered Accountant Qualification.
