China takes steps towards unified national sustainability disclosure regime
At the beginning of November, following the requirement for certain listed companies to publish their sustainability reports announced earlier, the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Beijing Stock Exchange in China opened public consultation on a handbook for practitioners from listed companies. In December, China’s Ministry of Finance announced the publication of the “Corporate Sustainability Disclosure Standards (CSDS) – Basic Standards (Trial)”, which represents a significant step in establishing a nationwide ESG disclosure regime aligned with the International Sustainability Standards Board (ISSB) framework.