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.
The Exchange proposes to mandate all issuers to make climate-related disclosures in their ESG reports, and introduce new climate-related disclosures aligned with the International Sustainability Standards Board (“ISSB”) Climate Standard. With the proposed effective date of 1 January 2024, the interim provisions (shorter or simpler version) of certain disclosures are proposed for the first two reporting years following the effective day.
In view of the level of complication and the level of resources required to fully complied with the proposed disclosures on top of the current ESG Report publication, GreenCo recommends companies to get ready earlier by understanding what are the new requirements and what preliminary work has to be planned and done ahead.
As such, GreenCo has prepared a Key Highlight of the enhanced climate-disclosures to facilitate companies’ comprehension.
Interested parties are encouraged to respond to the consultation paper by submitting a questionnaire on the HKEX website by 14 July 2023.
GreenCo has experience in preparing climate-related disclosure for companies in various industries. Our team consists of professionals from different backgrounds which ensure that your needs can be met.
