Hong Kong Stock Exchange introduces new climate-related disclosure requirements

On 19 April 2024, the Hong Kong Stock Exchange published the conclusion paper to its April 2023 climate-related disclosures consultation and the accompanying Implementation Guidance. After considering feedback from the market and the ISSB Adoption Guide Preview, the Exchange will adopt a phased approach to implement mandatory climate-rated disclosures by introducing new climate-related disclosure requirements (the New Climate Requirements) for listed companies in the ESG Code. 

The New Climate Requirements align closely with the ISSB’s sustainability disclosure standard – IFRS S2.

This latest development forms part of the Hong Kong SAR Government’s and regulators’ commitment to developing a robust sustainability disclosure ecosystem in line with international standards. 

Read our client briefing which summarises the key details of the Exchange's New Climate Requirements.