Singapore has formalized its intention to hold corporations accountable to the physical and transitional realities of climate change, publishing draft disclosure standards that will require listed companies to report on their environmental exposure beginning in 2028. Built upon the international ISSB framework yet adapted to local conditions, the standards reflect a deliberate sequencing: climate first, broader sustainability to follow. In doing so, Singapore joins a growing number of jurisdictions that are treating transparency about environmental risk not as a voluntary gesture, but as a str