Consultation Conclusions on Enhancement of Climate-related Disclosures under the ESG Framework

On April 19, 2024, The Stock Exchange of Hong Kong Limited (the Exchange) released its Consultation Conclusions on the enhancement of climate-related disclosures under its environmental, social, and governance (ESG) framework.

Taking into account market feedback and aligning with the Hong Kong Government's sustainability disclosure vision and the International Sustainability Standards Board’s (ISSB) jurisdictional guide preview, the proposals were adjusted to closely reflect IFRS S2 Climate-related Disclosures (IFRS S2) as outlined in the Consultation Conclusions (New Climate Requirements).

The New Climate Requirements, based on IFRS S2, introduce implementation reliefs including proportionality and scaling-in measures to address reporting challenges that may be faced by issuers.