Singapore Exchange (SGX)-listed companies are increasingly viewing climate reporting as a strategic avenue for growth, according to a recent survey by Schneider Electric and SGX Regulation (SGX RegCo). The study highlights that 60% of business leaders have identified new opportunities and business segments in response to climate change, despite challenges in skills and data.
The survey, which involved 543 business leaders, found that more than half of the respondents are engaging in partnerships or mergers with climate-focused companies to enhance expertise. Key areas of opportunity include renewable energy, sustainable products, climate technology, infrastructure, and green finance solutions.
Over 90% of the surveyed companies have begun adopting the IFRS Sustainability Disclosure Standards (ISSB Standards), which were integrated into SGX’s Sustainability Reporting Guide in 2025. These standards require disclosure of sustainability-related financial information and climate risks. More than half of the respondents believe these standards will attract investors, offering a clearer baseline for sustainability measurement and reputational benefits.
However, the adoption of these standards faces hurdles, with 55% citing internal skills gaps, followed by high costs (52%), data gaps (43%), and external provider skills gaps (42%). Yoon Young Kim of Schneider Electric emphasised the need for strategic investment in digital and automated solutions to overcome these barriers, stating, “Integrating comprehensive sustainability reporting with robust business strategy is essential for strengthening resilience, driving innovation, and creating verifiable long-term value.”
Eliza Tan from SGX RegCo noted the importance of quality disclosures for investors, highlighting ongoing efforts to close gaps in climate-related disclosures through training opportunities. As companies continue to adopt these standards, the focus remains on enhancing their competitive edge and creating sustainable value.
