Fines of up to S$20 million (US$15.6 million), restrictions on business dealings and private assessors paid for by companies are among the changes in an urgent bill to toughen Singapore's haze law.
The region accounts for nearly half of global GDP represented by economies adopting ISSB standards, but ACCA warns that businesses must move beyond compliance to address climate risks, resource pressures and emerging challenges.
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Experts say the region's next challenge is turning climate commitments into enforceable coal retirement plans that protect people, local communities, and energy security.