Sustainability & ESG consulting firm in Singapore

For SGX-listed companies, sustainability reporting is mandatory under SGX listing rules. For many non-listed companies, ESG reporting is not always legally mandatory, but it is often required by customers, lenders, investors, or global supply chains. Requirements also increase when regulations apply, such as carbon reporting for large emitters.

Singapore’s carbon tax (under the Carbon Pricing Act) applies to facilities that emit 25,000 tonnes or more of greenhouse gases per year. Covered facilities must monitor and report emissions and pay carbon tax based on verified emissions. This mainly affects high-emitting industrial and energy-related operations.

Start by mapping the main Scope 3 categories (purchased goods, logistics, business travel, waste, product use, etc.) and prioritizing the biggest sources. Then work with suppliers on data collection, low-carbon procurement, and improvement plans, and optimize transport and packaging. Setting clear supplier ESG requirements and tracking year-on-year progress makes reductions practical.

MAS expects financial institutions to manage environmental and climate risks through strong governance, policies, and risk management processes. This includes identifying and assessing climate-related financial risks and improving disclosure practices where relevant. For MAS-regulated firms, climate risk is treated as a real business and risk issue, not a “nice to have.”

IFRS S1 covers general sustainability-related financial disclosures, and IFRS S2 focuses on climate-related disclosures such as governance, strategy, risk management, and metrics (including emissions). In Singapore, adoption is progressing toward more structured and consistent sustainability reporting aligned to these standards. Companies should prepare early by improving data, controls, and reporting workflows.

Most companies start with a credible baseline (Scope 1–3), then build a staged reduction plan covering energy efficiency, renewable electricity, electrification, and supply chain engagement. They set targets, track progress, and strengthen governance and reporting for audits and assurance. Offsets can be used for residual emissions, but only after real reduction actions are in place.