Singapore Climate Reporting and Assurance Roadmap (SGX listed + ACRA large non-listed)

The Guidelines set MAS' supervisory expectations for identifying, assessing, monitoring and disclosing environmental risks, expressly covering climate, pollution, land-use change and biodiversity loss. Boards and senior management must integrate these risks into governance, strategy and risk management.

Enforcement

Guidance (supervisory expectations, comply-or-explain in practice)

Effective date

8 December 2020 (issued); 18-month transition to June 2022

Covered entities

All banks, merchant banks and finance companies; insurers; asset managers regulated by MAS

Singapore's Resource Sustainability Act targets the three priority waste streams of e-waste, packaging and food waste, with NEA running a regulated e-waste EPR scheme via ALBA since July 2021 and mandatory packaging reporting from large producers and retailers since 2021. A full packaging EPR framework is required by 2025, and large premises must segregate food waste from 2024.

Enforcement

Mandatory

Effective date

Passed 4 September 2019; partially commenced 1 January 2020; regulated e-waste EPR scheme operational from 1 July 2021; food-waste segregation duties from 2024; full packaging EPR no later than 2025

Covered entities

Producers (manufacturers and importers) of regulated electrical and electronic products and their retailers; producers of packaged products and large retailers (turnover above SGD 10 million) for packaging reporting; large food-waste generators

New Zealand's mandatory climate-related disclosure regime, issued by the XRB and modelled on TCFD. New Zealand was the first country in the world to legislate this kind of regime.

Enforcement

Mandatory

Effective date

Reporting periods beginning on or after 1 January 2023

Covered entities

Climate Reporting Entities (CREs): large listed issuers, large registered banks, insurers, NBDTs, investment scheme managers