Chinese authorities have released a draft climate disclosure standard and are calling for (fast!) public feedback. The new framework, open for comment until 31 May, is aimed at enhancing transparency around climate-related risks and opportunities.
The Chinese Ministry of Finance (MOF), in collaboration with multiple ministries and institutions, has released the ‘Sustainability Disclosure Standards for Business Enterprises – Basic Standard (Trial)’.
China’s major stock markets, including the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and the smaller SME-oriented Beijing Stock Exchange (BJSE), have recently unveiled new sustainability reporting guidelines for listed companies.
The International Sustainability Standards Board (ISSB) recently convened at its newly established office in Beijing, China. The week included a number of updates, culminating in the Beijing International Sustainability Conference on 17 November.
After announcing at COP26 that the International Sustainability Standards Board (ISSB) would have a global presence, last week the Board took a step towards expanding its existing world-wide footprint by confirming that a Beijing office will open in mid-2023.
China has issued its first environmental, social and governance (ESG) disclosure standard, to take effect on 1 June 2022.
Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC) addressed the draft sustainability reporting standards issued by the International Sustainability Standards Board (ISSB) in recent remarks.
We note with interest recent reports that listed companies in China are being asked to improve the effectiveness of their internal controls in financial reporting, and the quality of the information they produce.
Interesting news has recently emerged of fraudulent carbon emissions reports in China, with the Ministry of Ecology and Environment calling out four companies for doctoring or drawing misleading conclusions from carbon data.
China’s Ministry of Ecology and Environment (MEE) has issued new rules introducing mandatory environmental disclosures for domestic enterprises.
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