Starting FY2025, all companies listed on the Singapore Exchange (SGX) must prepare climate reports, as mandated by local reporting standards, stated Minister for Transport and Second Minister for Finance Chee Hong Tat. This initiative, responding to public feedback and Sustainability Reporting Advisory Committee (SRAC) proposals, mirrors practices in New Zealand and Britain. Additionally, non-listed companies with annual revenue over $1 billion and total assets exceeding $500 million will comply starting FY2027. Ministry of Finance (MOF) aims to facilitate business transactions with the government through initiatives like Tender Lite, developed in collaboration with Association of Small and Medium Enterprises (ASME), SBF and MOF, enhancing procurement opportunities for small and medium-sized enterprises (SMEs).

• Berita Harian, 29 February
• Berita Harian Online, 28 February