Chinese stock exchanges eye mandatory climate disclosures for listed companies
The current draft mandates annual Scope 1 and 2 emissions reporting, as well as comprehensive climate adaptation assessments and governance disclosures.
The Shanghai, Shenzhen and Beijing stock exchanges have released draft guidelines for corporate sustainability disclosures – a landmark move that could mandate hundreds of Chinese-listed companies to report on their climate impacts and strategy.
Each of the stock exchanges has published its own draft guidelines for sustainability reporting, though all have very similar characteristics. As a trial, disclosures will be made mandatory for companies in the SSE 180 Index, Shenzhen Stock Exchange 100 Index and GEM Index as well as those listed simultaneously in Chinese and foreign stock exchanges – while remaining voluntary for the rest of listed companies.
