The Accounting and Corporate Regulatory Authority (ACRA)’s Interim Sustainability Standards Committee (Interim SSC) has launched a public consultation on the draft Singapore Sustainability Disclosure Standards.
These proposed standards will outline the information companies would need to report on how they manage climate-related risks and opportunities.
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The consultation will run from 27 July to 25 October 2026. Feedback will be used to finalise the standards.
The move follows earlier efforts to shape the city-state’s climate reporting regime.
In 2022, ACRA and Singapore Exchange Regulation set up a Sustainability Reporting Advisory Committee to draw up a road map for mandatory climate reporting and assurance, to be rolled out in stages.
Implementation timelines were later revised in August 2025, giving companies more time to build up their climate reporting capabilities.
In May 2025, ACRA formed the Interim SSC to develop Singapore’s sustainability disclosure and assurance standards in line with international benchmarks.
The committee has now produced draft disclosure standards and is seeking public feedback.
The draft Singapore Sustainability Disclosure Standards are anchored in the International Sustainability Standards Board (ISSB) framework and, like the ISSB’s, consist of two standards.
The first is Singapore Financial Reporting Standards (SFRS) S1 General Requirements for Disclosure of Sustainability-related Financial Information, which is based on International Financial Reporting Standards (IFRS) S1 General Requirements for Disclosure of Sustainability-related Financial Information.
The second is SFRS S2 Climate-related Disclosures, which is based on IFRS S2 Climate-related Disclosures.
Adjustments have been made to tailor the Singapore Sustainability Disclosure Standards to local conditions.
In particular, the Interim SSC is proposing that only SFRS S2 be made mandatory, while SFRS S1 would remain voluntary.
Alongside the consultation, ACRA is introducing the Sustainability Assurance Body of Knowledge (SA BOK) to support the build-up of sustainability assurance skills.
ACRA will work with the Skills and Workforce Development Agency and training providers to roll out programmes based on the SA BOK.
The authority also noted that the government has been extending support to companies through the Sustainability Reporting Grant, aimed at helping businesses prepare for mandatory climate reporting ahead of their compliance deadlines.
ACRA CEO Chia-Tern Huey Min said: “Meeting the mandatory climate reporting and assurance requirements is a multi-year journey for preparers and assurance providers alike.
“The launch of the draft disclosure standards, which are aligned with the ISSB Standards but include adjustments to reflect Singapore’s climate-first approach, is an important milestone in this journey.”
