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Cordi Mahony Cordi Mahony

SGX Companies Face Sustainability Reporting Wake-Up Call: Two-Thirds Unprepared for New Standards

Singapore’s listed companies are staring down the barrel of a regulatory transformation. By the end of FY2025, all SGX issuers must adopt the International Sustainability Standards Board (ISSB) framework for climate-related disclosures. This replaces the previous “comply or explain” system based on the Task Force on Climate-related Financial Disclosures (TCFD) and introduces mandatory reporting of climate risk, strategy, and performance.

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Cordi Mahony Cordi Mahony

UK Government Opens Consultation on Draft UK Sustainability Reporting Standards (UK SRS)

On 25 June 2025, the UK Government officially opened a public consultation on its Exposure Drafts for the UK Sustainability Reporting Standards (UK SRS). These drafts are rooted in the globally recognized IFRS S1 and IFRS S2 standards, adapted with six minor amendments to suit the UK context. The consultation forms a key milestone in the UK’s phased strategy to modernise corporate reporting in line with international sustainability frameworks.

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Cordi Mahony Cordi Mahony

A Reality Check on Global Climate & Sustainability Disclosure Rules

Trump’s rollback of federal climate disclosure rules may ease short-term burdens, but global regulatory pressure is only increasing. The EU’s Omnibus Directive, California’s stringent mandates, and investor expectations tied to ISSB’s IFRS S1 & S2 ensure that transparency remains non-negotiable.

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