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Hong Kong to adopt global sustainability standards, SFC confirms

Hong Kong's Securities and Futures Commission (SFC) has announced plans to collaborate with local regulators in developing a roadmap for implementing the International Sustainability Standards Board's (ISSB) standards. These standards are meant to create a global framework for investor-centric corporate sustainability disclosure. In an initial move, Hong Kong Exchanges and Clearing (HKEX) will consider the ISSB's exposure draft on climate-related disclosures when formulating its requirements for listed companies. Julia Leung Fung-yee, SFC's CEO, stressed the importance for Hong Kong's financial institutions and their corporate clients to acquaint themselves with these standards, in order to leverage the significant opportunities offered by the impending financial transformation.


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