Below are key takeaways from ISS’ recently released 2025 Singapore Proxy Season Preview. The full report is available to institutional subscribers by logging into ProxyExchange then selecting the Knowledge Center and its Library tab and to corporate subscribers by logging into Compass then selecting Governance and the Governance Library or Governance Exchange tab.
- Singapore’s 2025 proxy season will see important changes in transparency and accountability with a sharp focus on ESG reporting, board diversity, and executive remuneration.
- Mandatory Climate Reporting: Starting FY2025, all SGX-listed companies must incorporate climate-related disclosures aligned with the IFRS Sustainability Disclosure Standards. Reporting of Scope 3 emissions will follow a phased-in approach, with large issuers expected to begin in 2026.
- Board Diversity: The proportion of female directors continues to rise, reaching 18.4% in FY2024. The average female representation per board increased to 19%, suggesting consistent progress toward the 30% target set for 2030.
- Remuneration Disclosure: Exact remuneration disclosure for directors and CEOs became mandatory from Dec. 31, 2024. 51% of issuers (as of H2 2024) are compliant, though some continue to disclose in bands or for select directors only.
If you are not a subscriber, please contact sales@iss-stoxx.com (for institutional investors) or contactus@isscorporatesolutions.com (for corporations) to learn more about accessing bespoke governance research.
By:
Clarice Yvhone Manongsong
Raymond Patrick Samson
Lorenzo Montecillo
