Ministry of Finance proposes climate disclosure standard to strengthen corporate governance
On 30 April 2025, following the issuance of the Corporate Sustainability Disclosure Standards – Basic Standards (Trial) in December 2024 (see earlier briefing), the Ministry of Finance (MOF) of China, together with the Ministry of Ecology and Environment (MEE), released the draft version of the Corporate Sustainability Disclosure Standard No.1 – Climate (Trial) (hereinafter referred to as the “Climate Standard”) for public consultation by 31 May 2025.