The Stock Exchange of Hong Kong has announced mandatory climate-related disclosure requirements for all listed companies, based on the International Sustainability Standards Board (ISSB) new reporting standards, with Scope 1 and 2 emissions disclosure starting from the 2025 reporting year. This decision follows a consultation launched last year, receiving broad support, and aligns with global calls to incorporate ISSB standards into sustainability reporting frameworks. The move also reflects the Hong Kong government’s commitment to developing a comprehensive sustainability ecosystem, including local standards aligned with ISSB. Katherine Ng, Head of Listing at Hong Kong Exchanges and Clearing Limited (HKEX), emphasized that these requirements are part of a broader roadmap for local adoption of ISSB standards, aiming to enhance Hong Kong’s capital markets attractiveness and competitiveness. Under the new rules, issuers will commence Scope 1 and 2 GHG emissions disclosures from January 1, 2025, with additional requirements for LargeCap issuers to report on Scope 3 emissions, progressively expanding to smaller issuers. Ng highlighted HKEX’s phased approach and implementation reliefs to support companies in meeting these requirements effectively.
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