Debated in Parliament on 6 May 2026.
Mr Dennis Tan Lip Fong asked the Prime Minister and Minister for Finance what measures have ACRA and the Singapore Exchange Regulation (SGX RegCo) put in place to ensure the accuracy and reliability of Scope 1 and Scope 2 greenhouse gas emissions disclosures by listed companies from FY2025, given that mandatory external limited assurance on such disclosures is only required from FY2029.
Listed companies are required to have robust processes, data governance and internal controls as well as appropriate board oversight on all their disclosures.
Singapore Exchange Regulation's (SGX RegCo's) requirements on greenhouse gas (GHG) emissions reporting seek to raise the level of accuracy and reliability in three ways. First, listed companies must use the globally accepted GHG Protocol for GHG measurement, which offers well-established, standardised methodologies and guidance for calculating Scope 1 and 2 GHG emissions. Second, listed companies must disclose their measurement approaches, inputs and assumptions for calculating their GHG emissions. Third, listed companies must internally review their sustainability reporting processes to strengthen the accuracy and reliability of the disclosures.
While the requirement for external assurance will only be implemented in FY2029, listed companies have taken active implementation steps and shown progress in their Scope 1 and Scope 2 GHG emissions reporting capabilities. Reporting rates have risen from 50% to 87% for Scope 1, and 61% to 93% for Scope 2, between 2023 and 2025. Listed companies have also been supported by tools and resources that help them report their GHG emissions more accurately, such as the Singapore Emission Factors Registry. The Registry provides over 300 Singapore-specific emission factors consolidated primarily from Government agencies.
SGX RegCo will continue to monitor listed companies' disclosures and will take appropriate follow-up action if breaches are found.
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