Sustainability Reporting Grant
Get support on developing your first sustainability report consistent with the International Sustainability Standards Board’s (ISSB) standards
About this programme
Investors are increasingly using climate-related disclosures to understand companies’ environmental strategies and make their investment decisions. With heightened demand for companies to publish climate-related disclosures, including regulations to mandate climate-related disclosures for selected Singapore-incorporated companies, EDB and EnterpriseSG have launched the Sustainability Reporting Grant (SRG).
The SRG provides funding support for Singapore-incorporated companies to produce their first International Sustainability Standards Board’s (ISSB)-aligned sustainability report in Singapore before compliance for mandatory climate-related disclosures sets in.
The grant defrays up to 30% of qualifying costs* capped at S$150,000, whichever is lower.
*Qualifying costs incurred in the preparation of (i) an ISSB-aligned sustainability report with (ii) an external assurance statement (verifying minimally Scope 1 & 2 Greenhouse Gas (GHG) emissions), covers the following:
- External consultancy costs
- External assurance costs
- Equipment and software
- Manpower training (only applicable to permanent or contract employees of the company)
Eligibility
The SRG will be applicable to:
-
All Singapore-incorporated listed companies on the Singapore Stock Exchange (SGX), regardless of size -
Singapore-incorporated companies with an annual revenue of at least S$100 million
-
Be producing its first sustainability report consistent with the International Sustainability Standards Board standards ("ISSB standards")
This comprises: (i) IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, and (ii) IFRS S2 Climate-related Disclosures.
For information on the ISSB standards, please refer to the International Financial Reporting Standards Foundation (IFRS) website.
Each company is limited to only one application for the first ISSB-aligned sustainability report.
Companies will be ineligible for the grant if:
- They have already published a sustainability report consistent with the ISSB standards.
- They have already reached their compliance timeline for mandatory climate-related disclosures in Singapore.
- They are non-listed companies (NLCos) which are exempted for mandatory climate-related disclosures in Singapore. The exemption applies to NLCos whose parent company already reports climate-related disclosures using ISSB-aligned local reporting standards or equivalent standards, such as the European Sustainability Reporting Standards (ESRS), and the NLCo’s activities are included in that parent’s report which is available for public use.
| SGX-Listed Companies (ListCos) | Large Non-Listed Companies (Large NLCos) | Other Non-Listed Companies | |
|---|---|---|---|
| Scope of companies for mandatory climate-related disclosures | All ListCos (including REITs and Trusts, excluding ETFs) | Companies with annual revenue ≥S$1 billion and total assets ≥$500M (unless Large NLCo is exempted) | Companies, with:
(i) annual revenue ≥S$1 billion and total assets <S$500M
|
| Sustainability Reports eligible for SRG | FY2024 sustainability reports only, as CRD is mandatory from FY2025 | FY2024, FY2025 or FY2026 sustainability reports only, as CRD is mandatory from FY2027 | FY2024, FY2025 or FY2026 sustainability reports* |
How to apply
Application details will be available on this page when the grant is launched on 1 November 2024.
EnterpriseSG will be processing applications from eligible companies which has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership.
For eligible companies whose local ownership is <30%, kindly contact Economic Development Board (EDB) to submit a formal application.
Sustainability Reporting Grant
Other ways we help
Enterprise Sustainability Programme
Integrate sustainability into your business to capture new opportunities in the green economy.
Sustainability Courses
Discover what being sustainable means for your business and learn best practices from industry partners.
