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SGX joins Hong Kong exchange in moving to tighten climate rules

Sustainability reporting to be made stricter as bourses prod listed companies

The Singapore Exchange cut the required market cap for SPACs by half after consultation revealed that stakeholders found the previous level prohibitively high.   © Reuters

SINGAPORE -- The Singapore Exchange intends to tighten its sustainability reporting rules over the next three years, as it joins the ranks of Asian bourses pressing companies to take action on climate change.

The SGX on Thursday announced it will seek public consultation on a plan to make climate-related disclosures mandatory in companies' sustainability reports, based on recommendations from the Task Force on Climate-related Financial Disclosures.

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