Written reply to PQ on Building Sustainability Reporting Capabilities for SGX-listed Small and Mid-size Companies

Question:

Ms Hazlina Abdul Halim: To ask the Deputy Prime Minister and Minister for Trade and Industry in view of the delayed implementation of climate reporting requirements for small and mid-sized companies listed on the Singapore Exchange (SGX), what measures will be put in place to ensure that companies can continue to build capability for and commit to sustainability reporting during the extended timeline. 

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1.                  Enterprise Singapore and the Singapore Economic Development Board support companies, including small and mid-sized listed companies, through the Sustainability Reporting Grant (SRG), to help them develop sustainability reports that are aligned with the International Sustainability Standards (ISSB). The availability of SRG was extended in tandem with the delayed implementation of climate reporting requirements. 

2.                  In addition, companies can tap on the SME Sustainability Hub, which is a one-stop digital platform that organises relevant support and resources to build sustainability capabilities including sustainability reporting. The Accounting and Corporate Regulatory Authority (ACRA) has also issued the Sustainability Reporting Body of Knowledge (SR BOK) to guide training providers in the development of courses on sustainability reporting. 

3.                  The Government will continually review our support measures to help companies build the capabilities to prepare for a low-carbon future.