Navigating the Critical Path Ahead: Future of Sustainability Reporting in the region beyond FY2025
As sustainability becomes an integral part of corporate governance and plays a huge role in influencing investor decision-making, it is crucial for businesses to stay ahead of the evolving regulatory landscape.
Frameworks such as the Global Reporting Initiative (GRI) and the Task Force on Climate-related Financial Disclosures (TCFD) has served as a foundation for the International Sustainability Standards Board (ISSB) standards in climate-related reporting and has played a pivotal role in shaping global sustainability disclosure practices.
Starting from 1 January 2025, many jurisdictions, including Singapore, have since mandated ISSB-aligned disclosures, integrating consistent, comparable, and decision-relevant climate-related information into the core framework of financial reporting.
However, as the financial year (FY) 2025 deadline draws near, large-cap issuers still appear to be lacking in their preparedness for mandatory climate-related disclosures, with only four percent of the 40 listed companies polled by Singapore Business Federation (SBF) and Singapore Exchange Regulation (SGX RegCo) between April and May this year expressing confidence in meeting the deadlinei.
On 23 April 2025, our sustainability experts in Forvis Mazars in Singapore shared insights into the sustainability reporting regime in the region and how to navigate through the critical path ahead.
Read our summary for key takeaways on the following topics:
- Understand the International Sustainability Standards Board (ISSB) and its importance as a reporting framework
- Updates on the regulatory landscape in the region
- Preparation on how to navigate the path ahead for compliance and best practices post FY2025
Speakers:
- Lai Kee Yin - Partner, Technology Digital & Sustainability Consulting
- James Goh - Manager, Risk & Sustainability Consulting
Unsure of how to navigate these evolving requirements? Our team of sustainability consulting expertsis well-versed in ISSB-aligned disclosure requirements and can help assess your company’s readiness to ensure a smooth transition to compliance.
[i] “SBF seeks more time for smaller listed companies to comply with new climate-related disclosure rules” (straitstimes.com), 2025
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