On 14 April 2023, the Stock Exchange of Hong Kong Limited (“the Exchange”) under the Hong Kong Exchanges and Clearing Limited (“HKEX”) published a consultation paper seeking market feedback on proposals to enhance climate-related disclosures under the Environmental, Social and Governance (“ESG”) framework.
GreenCo recently completed a Sustainability Report for a technological company listed in Singapore with subsidiaries across the Southeast Asia according to the latest amendments on providing climate-related disclosures announced by the SGX Group.
GreenCo is glad to assist its clients to be well-prepared for the potential enhancements in reporting requirements, such as new standards, by staying aligned with the Stock Exchange of Hong Kong’s guidance in their latest reports.
The SGX Group has amended the listing rules to require issuers to provide climate-related disclosures in the sustainability report from the financial year commencing in 2022 based on the recommendations from the Task Force on Climate-Related Financial Disclosures (“TCFD”) on a “comply or explain” basis.
GreenCo performs a case study on the updated ESG Guide published by the HKEx that is applicable to companies with financial years commencing on or after 1 July 2020.
