Singapore is taking another step towards strengthening and aligning its sustainability reporting framework with international standards.
On 27 July 2026, the Accounting and Corporate Regulatory Authority (ACRA)’s Interim Sustainability Standards Committee launched a public consultation on the draft Singapore Sustainability Disclosure Standards. The consultation is open from 27 July to 25 October 2026, inviting businesses, investors, assurance providers, professional bodies and other stakeholders to provide feedback on the proposed standards.
The draft standards are based on the International Sustainability Standards Board (ISSB) Standards, with adjustments proposed to reflect Singapore’s implementation roadmap and local context. The proposed framework focuses initially on climate-related disclosures, reflecting Singapore’s climate-first approach.
For businesses, this development is more than a reporting update. It signals the growing connection between climate-related information, corporate governance, business strategy and the wider value chain.
The draft Singapore Sustainability Disclosure Standards are designed to establish a more consistent framework for sustainability-related disclosures in Singapore. They are based on the ISSB Standards, which comprise IFRS S1 and IFRS S2.
The proposed Singapore framework consists of two standards:
SFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information
SFRS S1 is based on IFRS S1 and covers broader sustainability-related financial information beyond climate.
Under the draft Singapore framework, SFRS S1 would remain voluntary, reflecting Singapore’s climate-first approach.
SFRS S2: Climate-related Disclosures
SFRS S2 is based on IFRS S2 and focuses specifically on climate-related risks and opportunities.
For companies subject to mandatory climate reporting requirements, SFRS S2 is proposed to be the mandatory standard under the draft framework. Climate-relevant provisions from SFRS S1 would also be incorporated into SFRS S2 so that SFRS S2 can operate as a standalone standard covering climate-related disclosure requirements.
This means that Singapore’s proposed framework initially places greater emphasis on climate-related information, while broader sustainability disclosures beyond climate remain voluntary.
Singapore’s sustainability reporting roadmap takes a climate-first approach, with implementation being phased according to company type and market capitalisation.
Under the current roadmap, all listed companies are subject to sustainability reporting requirements, while large non-listed companies meeting the applicable criteria are scheduled to come under the requirements from FY2030, unless exempted.
Current requirements are being introduced in stages. For example, all listed companies are required to report Scope 1 and Scope 2 greenhouse gas emissions from FY2025, while STI constituents are required to report Scope 3 emissions from FY2026. Other ISSB-based climate-related disclosures are being phased in according to company category and market capitalisation.
The draft Singapore Sustainability Disclosure Standards build on this roadmap by proposing SFRS S2 as the mandatory standard and SFRS S1 as voluntary.
This approach reflects the focus on climate-related risks and opportunities as an initial priority, while allowing the broader sustainability reporting framework to develop over time.
Although the proposed Singapore standards are based on the ISSB Standards, ACRA’s Interim Sustainability Standards Committee has proposed several adjustments to reflect Singapore’s implementation roadmap and local context.
Reporting Timing
Under the proposed Singapore framework, companies would be required to report their climate-related disclosures at the same time as their financial statements.
Singapore therefore would not introduce the ISSB timing relief that allows sustainability disclosures to be published later than financial statements during the first year of reporting. The proposed approach is intended to strengthen the connection between financial reporting and climate-related information.
Scope 3 Reporting Relief
The draft standards propose an ongoing Scope 3 relief for companies that are not subject to mandatory Scope 3 reporting.
This reflects Singapore’s phased implementation approach. Scope 3 reporting is currently mandatory for STI constituents from FY2026 onwards, while it remains voluntary for other listed companies and large non-listed companies unless and until further requirements apply.
Statement of Compliance
Companies would be required to make an explicit and unreserved statement of compliance with SFRS S2, in line with Singapore’s implementation roadmap.
The proposed requirement is intended to strengthen accountability around climate-related disclosures.
References to SASB Materials
The ISSB Standards require companies to refer to and consider the applicability of Sustainability Accounting Standards Board (SASB) materials.
Under the proposed Singapore standards, references to SASB materials would instead be voluntary. This is intended to provide companies with greater flexibility while the relevant materials continue to evolve.
The proposed Singapore Sustainability Disclosure Standards are still subject to the public consultation and subsequent legislative and implementation processes. However, the direction of travel highlights the increasing importance of climate-related information in corporate reporting and decision-making.
For businesses, preparation can extend beyond understanding reporting requirements. It can also involve reviewing how sustainability-related information is generated, managed and connected across the organisation.
Review Existing Sustainability Data
Companies can begin by identifying what sustainability and climate-related information is already available within the organisation.
This may include:
Greenhouse gas emissions data
Energy and resource consumption
Operational and manufacturing data
Waste and material usage
Climate-related risks and opportunities
Supply chain information
Sustainability targets and performance indicators
Understanding what data is already available can help businesses identify potential information gaps and improve internal data management.
Clarify Internal Responsibilities
Sustainability information can involve multiple functions, including finance, operations, procurement, sustainability, supply chain and senior management.
Clearly defining responsibilities for collecting, reviewing and reporting relevant information can help companies establish more consistent internal processes.
Understand Climate-Related Risks Across the Value Chain
Climate-related risks and opportunities may extend beyond a company’s direct operations.
Supply chains, raw materials, manufacturing processes, transportation, packaging and resource use can all form part of the wider value chain that businesses need to understand when assessing environmental impacts and climate-related considerations.
This makes supply chain visibility and reliable data increasingly relevant to sustainability management.
Sustainability reporting provides a structured way for businesses to communicate relevant information. However, reporting is only one part of a broader sustainability strategy.
The data collected for sustainability reporting can also help businesses understand where environmental impacts occur across their operations and value chains, and where practical improvements may be possible.
Areas such as materials, packaging, waste management, resource efficiency and supply chain operations can therefore become part of a broader approach to reducing environmental impact.
For businesses involved in consumer products and foodservice, packaging is one area where material choices can connect sustainability objectives with practical commercial requirements.
At Ecorigin, we believe sustainability starts at the source.
Through material innovation and advanced manufacturing capabilities, we develop sustainable packaging and foodservice solutions designed to support businesses in making more responsible material and product choices.
Our areas of development include:
Biomass-based barrier coating technologies designed to reduce reliance on conventional plastic coatings
Paper-based food packaging
Sustainable tableware
Compostable foodservice solutions
Other sustainable material and packaging applications
By combining material innovation with practical manufacturing and supply chain capabilities, Ecorigin works to connect sustainability considerations with the functional requirements of commercial applications.
The draft Singapore Sustainability Disclosure Standards remain under consultation, and the final requirements may change following stakeholder feedback and the subsequent implementation process.
For businesses, however, early preparation can still be valuable.
Reviewing existing sustainability data, clarifying internal responsibilities, understanding value-chain impacts and identifying opportunities for more sustainable materials and processes can help companies build stronger foundations for future sustainability reporting and business decisions.
As Singapore’s sustainability reporting framework continues to develop, the opportunity extends beyond disclosure. It is also about building sustainability considerations into the way businesses design, source, manufacture and move products across the value chain.
For more information on Singapore’s draft Sustainability Disclosure Standards, businesses can refer to the official ACRA consultation materials and sustainability reporting requirements.
Accounting and Corporate Regulatory Authority (ACRA), Public Consultation on Singapore’s Sustainability Disclosure Standards
Accounting and Corporate Regulatory Authority (ACRA), Sustainability Reporting and Assurance Requirements
