SILK NEWS FLASH: MANDATORY CLIMATE DISCLOSURES EXTENDED TO LARGE NON-LISTED COMPANIES IN SINGAPORE BY FY2030 SILK合规快讯:- 2030财年（FY2030）起，新加坡强制气候信息披露范围将扩大至大型非上市公司

Executive Summary 概述

The Accounting and Corporate Regulatory Authority (ACRA)’s newly formed Interim Sustainability Standards Committee (Interim SSC) has released a public consultation paper on the draft Singapore Sustainability Disclosure Standards. Under a “climate-first” approach, Singapore is making climate-related impact reporting mandatory. The framework extends binding requirements beyond SGX-listed entities to large non-listed companies by Financial Year (FY) 2030.

新加坡会计与企业管制局（ACRA）新成立的临时可持续发展准则委员会（Interim SSC）已就《新加坡可持续发展披露准则》草案发布公众咨询文件。在“气候优先”的主导方针下，新加坡正在逐步将气候相关影响报告列为强制性合规要求。该框架除了约束新交所（SGX）的上市公司外，2030财务年度（FY2030）起，强制性披露义务将扩大覆盖符合条件的大型非上市公司。

Scope of the New Framework  新框架的适用范围

The draft regulations target large non-listed enterprises (Large NLCos) operating within Singapore using a strict conjunctive (dual) threshold.

该法规草案采用严格的双重（同时满足）门槛，来精准界定适用该法规的新加坡大型非上市公司（Large NLCos）。

• Applicability Threshold: A non-listed company is captured only if it meets both an annual revenue of at least S$1 billion AND total assets of at least S$500 million. 适用门槛： 非上市公司只有在同时满足年收入至少10亿新元 且 总资产至少5亿新元的情况下，才属于强制披露适用对象。
• Core Mandate: Qualifying corporations must report disclosures under Singapore Financial Reporting Standard (SFRS) S2 (Climate-related Disclosures). Conversely, SFRS S1 (General Sustainability-related Financial Information) will remain strictly voluntary.
  核心指令： 达标企业须按《新加坡财务报告准则第S2号（SFRS S2 – 气候相关披露）》进行强制性信息披露。相比之下，《新加坡财务报告准则第S1号（SFRS S1-通用可持续相关财务信息）》目前仍属于自愿披露范畴。
• Emissions Coverage: Large NLCos must disclose Scope 1 (direct emissions) and Scope 2 (indirect electricity/heating emissions). Scope 3 (value-chain) emissions remain voluntary for non-listed companies until further notice.
  温室气体排放覆盖范围： 大型非上市公司必须首先披露范围1（直接排放）和范围2（因消耗电力/热力等产生的间接排放）；在监管另行通知前，可自愿披露范围3（价值链排放）。
• Concurrent Reporting Guardrail: ACRA will not adopt the global ISSB relief that allows delayed sustainability reporting. Companies must publish their sustainability disclosures simultaneously with their statutory financial statements.
  同步披露： ACRA不会采纳全球ISSB的延期豁免条款（即允许延迟提交可持续发展报告）。企业必须将其可持续发展披露与法定财务报表同时且同步发布。

Implementation Timeline and Phased Rollout 推行时间表与分阶段实施

The adjusted compliance roadmap allows businesses time to build organizational capabilities: 经调整的合规路线图为本地企业提供了建立数据搜集与组织能力的时间缓冲

• FY2025: Mandatory for SGX-listed companies (Straits Times Index constituents must track Scope 1 and 2).
  2025财年： 新加坡交易所（SGX）上市公司强制执行（海峡时报指数成份股必须开始追踪并披露范围1和范围2排放）。
• FY2026: Mandatory Scope 3 value-chain emission disclosures begin exclusively for Straits Times Index (STI) listed companies.
  2026财年： 仅限海峡时报指数（STI）成份股上市公司强制披露范围3（价值链排放）。
• FY2028: ISSB-aligned climate disclosures apply to non-STI listed companies with a market capitalisation of at least S$1 billion.
  2028财年：市值至少10亿新元的非海峡时报指数上市公司，开始适用符合国际可持续发展准则委员会（ISSB）标准的全面气候披露。
• FY2030: Compliance expands to all remaining listed entities (for Scope 1 and 2) and large non-listed companies meeting the dual threshold.
  2030财年： 合规范围扩大至所有其余上市公司（针对范围1和2），以及所有达到双重门槛的大型非上市公司。
• FY2032: Large non-listed companies must secure limited external assurance over their Scope 1 and Scope 2 disclosures.
  2032财年： 大型非上市公司必须对其范围1和范围2的排放披露获取有限外部审计。

Regulatory Alignment and Business Impact   法规接轨与企业影响

The Singapore Sustainability Disclosure Standards are directly adapted from the global International Sustainability Standards Board (ISSB) framework. In-scope firms must explicitly state unreserved compliance with SFRS S2. This ensures local climate reporting remains internationally comparable for cross-border institutional investors.

《新加坡可持续发展披露准则》直接沿用全球国际可持续发展准则委员会（ISSB）的框架。纳入合规范围的企业必须明确声明其完全符合SFRS S2标准。此举旨在确保新加坡本地的气候报告在国际上具备高可比性，以满足跨境机构投资者的资本配置与风险管理需求。

Next Steps for the Corporate Clients   企业客户的下一步行动

1. Public Consultation: The public feedback window for the draft standards runs from July 27 through October 25. Feed back must be submitted via FormSG.
   公众咨询： 该准则草案的公众意见征询期自7月27日起，至10月25日截止。反馈意见须通过FormSG在线提交。
2. Legislative Preparation: ACRA is concurrently drafting amendments to the Companies Act 1967 to formalize these reporting obligations and statutory assurance requirements into law.
   立法筹备： ACRA目前正在同步起草《新加坡1967年公司法》的修正案，以将上述披露义务和外部审计要求纳入法律范畴。

Corporate clients approaching both the S$1 billion revenue and S$500 million asset thresholds should immediately review their ESG data pipelines to support simultaneous financial and sustainability filing.
如果企业正在接近符合10亿新元收入、5亿新元资产的双重门槛，应立即梳理搭建其ESG数据归集，以满足未来“同步提交”的监管要求，规避合规风险。