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Singapore Firms Seek Delay on Tougher Climate Disclosure Rules
A group representing thousands of Singapore businesses is seeking a delay to the implementation of more stringent climate-related disclosure rules, arguing many firms 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 described as having a market capitalization of less than S$1 billion ($784 million). Such companies account for about 84% of listings on the local exchange, it said.