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.
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