Just these past two weeks, parts of Bukit Timah and Tampines experienced flash floods as a prolonged downpour buffeted across Singapore. And if the experts are right, more bouts of heavier rain leading to flash floods can be expected to occur ahead.

As financial market practitioners pay more attention to climate change concerns, climate-related disclosures by companies are becoming an important aspect of sustainability reporting. Currently, Singapore Exchange (SGX)-listed companies are not required to make climate-related disclosures in their annual sustainability report, except on a voluntary basis.

But that will soon change, as the Singapore Exchange Regulation (SGX RegCo) is proposing that companies do so on a mandatory basis in accordance with the Task Force on Climate-related Financial Disclosures’ (TCFD) framework.

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