China Stock Exchanges Announce Mandatory Sustainability Reporting Requirements for Companies
Major stock markets in China, such as the Beijing Stock Exchange, the Shenzhen Stock Exchange and the Shanghai Stock Exchange, recently announced that they had published new reporting guidelines on sustainability for listed companies. With this announcement, the east Asian country joins other major markets that are introducing new sustainability reporting guidelines, including the U.S. Security Exchange Commission’s (SEC) climate-disclosure rules and the recently published Corporate Sustainable Reporting Directive by the European Union. The EU’s Corporate Sustainable Reporting Directive will significantly increase the number of companies required to present sustainability disclosures to more than 50,000. The directive also introduces comprehensive…