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

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