Committee of Supply 2025 debate, Day 1: Indranee Rajah on climate change and social compact

The government will be introducing mandatory climate-related disclosures in a phased approach. Companies can tap the Sustainability Reporting Grant and SME Sustainability Reporting Programme to kickstart their journey. The Accounting and Corporate Regulatory Authority is also taking steps to grow sustainability reporting and assurance capabilities in Singapore and build a robust pipeline of professionals in this area. Second Finance Minister Indranee Rajah, who said this in parliament on Friday (Feb 28), pointed out that this will also create more good job opportunities for Singaporeans. Turning to calls for a strong social compact, she said the insights gained from the Forward Singapore exercise have found their way into many of the measures in the Budget. Addressing questions on land for public housing, Ms Indranee said the government’s approach of paying fair market value for land, including land sold to the HDB, helps to maintain Singapore’s reserves for the benefit of all Singaporeans and strikes a balance between the needs of current and future generations of Singaporeans.