Local listed companies seek business opportunities from climate disclosures, high costs and lack of data slow progress | Lianhe Zaobao

Companies listed on the Singapore Exchange believe that disclosing climate-related information helps create corporate value, but they still face multiple challenges such as high costs and insufficient data in the process of adopting climate disclosure standards. A research report jointly released by the Singapore Exchange's regulatory company and Schneider Electric points out that local listed companies are uncovering new business opportunities from climate disclosures, but the progress in adopting climate standards remains slow due to a lack of skills and data. The survey shows that over 90% of respondents have begun to adopt the International Sustainability Standards Board standards to disclose climate-related information