ISCA Invites Comments on ACRA’s Draft Singapore Sustainability Disclosure Standards

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The Accounting and Corporate Regulatory Authority’s (ACRA) Interim Sustainability Standards Committee (Interim SSC) launched a public consultation on the draft Singapore Sustainability Disclosure Standards. These standards set out the information companies would be required to disclose on how they manage climate-related risks anad opportunities.

The draft Singapore Sustainability Disclosure Standards are based on the International Sustainability Standards Board (ISSB) Standards and similarly comprise two standards:

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; and
SFRS S2 Climate-related Disclosures, which is based on IFRS S2 Climate-related Disclosures.

Adjustments were made in developing the Singapore Sustainability Disclosure Standards to suit the local context. In particular, the Interim SSC proposes that only SFRS S2 (which covers climate-related disclosures) will be mandatory, while SFRS S1 (which covers broader sustainability disclosures beyond climate) will be voluntary. Other adjustments include tailored transition reliefs and a requirement for a statement of compliance to align with Singapore’s implementation roadmap.

ISCA requires all comments to be submitted to Professional Standards by 4 September 2026.

Alongside the public consultation, ACRA launched the Sustainability Assurance Body of Knowledge (SA BOK), to support the development of sustainability assurance capabilities.