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Asia Regulators’ Responses to the ISSB Disclosure Standards

By Gordon A. Palmquist, Justin Tan, Wei Na Sim, Rio Kamei, Evan Zhou & Joey C.Y. Lee on August 10, 2023

Posted in Asia-Pacific, Disclosures, ESG

Energy innovation light bulb graphic interface.

The inaugural International Sustainability Standards Board (“ISSB“) sustainability disclosure standards, namely IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) (the “ISSB Standards“), have received positive feedback from stakeholders across the globe since its issuance on 26 June 2023 (which we reported here). This includes endorsement by the International Organization of Securities Commissions (IOSCO) on 25 July 2023.

The long-awaited ISSB Standards are intended to serve as a global baseline for transparent, reliable and comparable corporate disclosure of climate and sustainability-related information, and will help to inform investment decisions. In this blog post, we summarise several Asian regulators’ responses to the ISSB Standards which have been positive.

China issues first ESG disclosure guidance: international guidelines with Chinese characteristics

By Mark Uhrynuk, Susanne J. Harris & Wei Na Sim on August 17, 2022

Posted in Asia-Pacific, Disclosures, ESG

**A Chinese version of this blog post follows the English version.**

China’s State Council-backed think tank, China Enterprise Reform and Development Society (“CERDS“), alongside a number of major Chinese companies including Ping An Insurance Company, issued “The Guidance for Enterprise ESG Disclosure” effective on 1 June 2022 (“Guidance“). The Guidance is China’s first ESG disclosure guideline, and covers all companies and industries. It follows the environmental disclosure rules issued by China’s Ministry of Ecology and Environment (MEE) which came into effect earlier in February 2022 (which we reported here).