The publication of its new sustainability- and climate-related reporting standards follows the release earlier this month by the Hong Kong government of its Roadmap on Sustainability Disclosure, outlining the details of its plans to implement sustainability reporting requirements for companies.
Under the roadmap;
2025:
All Main Board issuers must start reporting against IFRS S2 Climate-related Disclosures on a “comply or explain” basis.
2026:
Large-cap issuers will transition to mandatory reporting.
Post-2026:
The Hong Kong Stock Exchange (HKEX) will consult on mandating sustainability reporting aligned with the new Hong Kong Standards.
No Later than 2028:
All listed publicly accountable entities (PAEs) must comply with the standards. Significant financial institutions will also be required to adopt the standards.
