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.

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.

Through the ISSB’s first two sustainability disclosure standards - IFRS S1 and S2 - business leaders face a defining moment. These standards aim to establish a global baseline for sustainability-related financial disclosures, providing a unified framework for reporting on sustainability risks and opportunities. 

delays to CSRD and CSDDD reporting