{
  "id": 8007731,
  "title": "Only 22% of Singapore-listed companies make physical climate risk disclosures in detail: report",
  "url": "https://urgent.news/2026/09/17/only-22-of-singapore-listed-companies-make-physical-climate-risk",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T10:16:05.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/only-22-singapore-listed-companies-make-physical-climate-risk-disclosures-detail-report"
  },
  "original_language": "en",
  "account": "The majority of Singapore-listed companies - 98 percent - now mention physical climate risk in their annual reports, yet only 22 percent disclose in detail how it impacts their business, according to an MSCI report released on September 15. Large companies and those listed in Singapore will need to disclose key indicators of how their business contributes to climate change by the fiscal year 2030, as per the proposed Singapore Sustainability Disclosure Standards.\n\nThe survey encompassed over 540 companies in Singapore, alongside 11,868 companies across the Asia-Pacific region, and evaluated a total of 25,346 companies globally from 2023 to 2025. In Hong Kong, 98 percent of 1,300 companies surveyed mentioned physical climate risk, but only 32 percent provided detailed disclosure.\n\nOut of the global stock market benchmark, 81 percent of companies acknowledged physical climate risk, while only 27 percent offered detailed disclosure, highlighting a significant 54 percentage point gap. This gap suggests that many companies recognize physical climate risk but have yet to determine their own asset and operational exposure, and how these vulnerabilities could affect business performance.\n\nMoreover, 900 MSCI ACWI Index constituents were categorized as \"higher-exposure, lower-preparedness\" (Help) category, accounting for 37 percent of the global stock market benchmark. This category indicates that physical climate risk is potentially material, but the company has not disclosed any measures to physically protect exposed assets. In the Asia-Pacific region, 26 percent of constituents and 32 percent of Hong Kong constituents fall under this category.\n\nAdapting to these risks costs about $5.6 billion in modelled investments, while avoiding $58.2 billion in losses. However, all Help companies in Singapore have at least one modelled adaptation with a positive return, whereas 94 percent of firms in Hong Kong are in this category. Globally, over 30 years, cumulative modelled avoided losses are projected to reach approximately $2.1 trillion, compared to $32.4 billion in adaptation costs.\n\nGenerally, energy, basic materials, and utility companies are more likely to recognize physical climate risk before a material shock. Conversely, healthcare, consumer cyclical, and communication services are more likely to face a shock first due to the indirect or distributed nature of their physical climate risk dependencies.",
  "summary": "About 27% of companies globally provide detailed disclosure, based on an MSCI report",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Only 22% of Singapore-listed companies make physical climate risk disclosures in detail: Report",
        "url": "https://urgent.news/2026/09/17/only-22-of-singapore-listed-companies-make-physical-climate-risk-8025541",
        "published": "2026-09-17T12:27:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}