Singapore consults on ISSB-based disclosure standards

Posted on August 5, 2026 by Editor

Singapore is taking sustainability standards forward from roadmap to rulebook. On 27 July the Accounting and Corporate Regulatory Authority (ACRA)'s Interim Sustainability Standards Committee (Interim SSC) opened a public consultation on the draft Singapore Sustainability Disclosure Standards, the formal standards that will sit beneath the mandatory climate reporting Singapore has been phasing in since FY2025. The consultation runs until 25 October 2026.

The two draft standards mirror the International Sustainability Standards Board (ISSB) frameworks: SFRS S1 follows IFRS S1 on broader sustainability information, and SFRS S2 follows IFRS S2 on climate. ACRA is taking a climate-first approach to sustainability reporting, making only SFRS S2 mandatory. Other local adaptations include tailored transition reliefs and a statement-of-compliance requirement.

ACRA has paired the consultation with the launch of a new Sustainability Assurance Body of Knowledge (BOK). It's a smart addition to existing resources, including the Sustainability Reporting BOK, and is designed to support the development of assurance capabilities and strengthen confidence in climate-related disclosures.

What matters most from a digital reporting standpoint is what comes next: standards built this closely on the ISSB baseline are natural candidates for the IFRS Sustainability Disclosure Taxonomy, and jurisdictions that structure and tag this data from the outset are competitively placed to reap the benefits of truly useful and accessible data. One to watch.

Read the consultation here.