Singapore: Climate-related disclosures and the ESG landscape in Asia Pacific

Rising investor expectations have spurred a global push for publicly listed companies (PLCs) to disclose comprehensive sustainability information. As a result, regulatory bodies worldwide are either mandating or strongly recommending the issuance of sustainability reports by PLCs, focusing on environmental, social, and governance (ESG) factors.

The integration of ESG disclosures with financial reporting enables investors to more accurately evaluate the financial outlook and management effectiveness of PLCs, a trend strongly supported by regulators.

This article, written in collaboration with Anthesis, takes a look at:

An explanation of the upcoming mandatory Singapore Climate-Related Disclosure (CRD) standards, which are based on the International Sustainability Standards Boards S1 and S2 standards

A comparison of the proposed CRD requirements with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and the existing SGX Listing Rules on climate-related disclosures

The relevant entities that will be subject to the Singapore mandatory CRD requirements and the timeline for implementation

How to companies can prepare for the upcoming CRD requirements

An overview of the current and future state of the CRD landscape in Asia Pacific

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Baker McKenzie is Here to Help

In this complex and evolving regulatory climate, businesses aided by experienced and trusted legal counsel will be well-positioned to navigate the growing challenges posed by ESG. At Baker McKenzie, we are well-positioned to advise on such matters, and we are committed to helping our clients develop optimal solutions amidst this developing regulatory landscape. Please contact our team members Celeste Ang, Min-tze Lean, Richard Allen or Pradeep Nair if you have any questions.

Author
Pradeep Nair

Pradeep is a Local Principal in the Dispute Resolution Practice Group in Singapore. He advises and represents clients ranging from global corporations to tech start ups and individuals across all aspects of dispute resolution, including pre-litigation strategic advice, mediation, Singapore Court litigation and international arbitration. Pradeep also regularly advises and assists clients on a wide range of contentious and non-contentious employment law, investigations and compliance matters.

In The Legal 500 Asia Pacific rankings 2024, Pradeep was recognised as a “key lawyer” in Baker McKenzie Wong & Leow’s Dispute Resolution, International Arbitration and Employment teams, with clients commending him for being “very commercially minded” and a “superb lawyer” (The Legal 500, 2024).

Pradeep graduated from Singapore Management University’s double degree programme with degrees in Economics (BSc (Econ)) and Law (LL.B.), and was placed on the Dean’s List for both fields of study.

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