The Hong Kong Government is driving the development of sustainability reporting standards through the Hong Kong Institute of Certified Public Accountants, aligning local practices with international frameworks established by the International Sustainability Standards Board. The proposed standards aim to enhance transparency and consistency in sustainability-related disclosures, set to be effective by August 2025, benefiting listed companies and regulated financial institutions.
This initiative supports the broader goal of creating a robust sustainability disclosure ecosystem in Hong Kong, ensuring that local businesses are well-integrated into the global capital market. The digitalization of sustainability reporting will facilitate improved access to vital information, enabling stakeholders to make informed investment decisions.
