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Guidance on Climate Disclosures

Hong Kong Current 2021

"The Guidance on Climate Disclosures will help companies assess their response to risks arising from climate change. The Guide provides practical tips and step-by-step guidance to assist issuers in preparing TCFD-aligned climate change reporting. The Exchange will review its ESG reporting framework to further align with TCFD recommendations, and will collaborate with other regulators to work on a roadmap to evaluate and potentially adopt the new standard(s) to be developed by the International Sustainability Standards Board under the International Financial Reporting Standards Foundation. HKEX will issue further guidance in due course."

Issuer name

Hong Kong Stock Exchange/The Hong Kong Exchanges and Clearing Limited (HKEX)

More information

"In December 2020, the Green and Sustainable Finance Cross-Agency Steering Group announced that climaterelated disclosures aligned with the TCFD recommendations will be mandatory across relevant sectors no later than 2025. In July 2021, the Steering Group also indicated its support towards adopting the standard to be developed by the ISSB. Hong Kong Exchanges and Clearing Limited (HKEX) is reviewing its Environmental, Social and Governance (ESG) reporting framework in order to further align with the TCFD recommendations, and will collaborate with the Securities and Futures Commission (SFC) and other regulators to work on a roadmap to evaluate and potentially adopt the new standard"

Reporting resources

True

Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

ESG coverage - E (Environment)

Climate & GHG emissions

Status

Current

Country

Hong Kong

Region

Asia Pacific

Date of publication

2021

Issuer type

Stock Exchange

Reporting requirements

Guidelines and standards for non-financial reporting

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

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