SINGAPORE: A group representing thousands of Singapore businesses is seeking a delay to the implementation of more stringent climate-related disclosure rules, arguing many companies lack resources to meet the standards.
The Singapore Business Federation, which has more than 32,000 member companies, called for a compliance deadline to be extended by one to two years for small-and-mid-cap firms, which it defines as those with market values of less than S$1 billion (US$784 million). Such companies account for about 84% of current listings on the local exchange, it said.
