April 2024: HKEX issued its consultation conclusion on climate-related disclosures

Apr 25, 2024

We would like to inform you that the Hong Kong Stock Exchange (HKEX) has recently published conclusions to its consultation on the enhancement of climate-related disclosures under its environmental, social and governance (ESG) framework ( Consultation Conclusions ) for listed companies.

Key features of the New Climate Requirements:

-Alignment with IFRS S2: The New Climate Requirements have been developed based on IFRS S2, ensuring international compatibility. To address reporting challenges faced by some issuers, implementation reliefs, including proportionality and scaling-in measures, have been introduced.

-Effective Date: The amended Listing Rules, incorporating the New Climate Requirements, will come into effect on January 1, 2025. The implementation of the requirements will follow a phased approach, as outlined in the table image below:

In addition, HKEX has released the Implementation Guidance (Implementation Guidance) to support issuers in complying with the New Climate Requirements.