The world's second largest economy, China, announces mandated ESG reporting for its largest listed companies by 2026. Most importantly, the new standards include Scope 3 emissions disclosures and the concept of ‘double materiality’, both important concepts for any international ESG disclosure framework. Hopefully a significant step forward towards improved global corporate transparency on sustainability.
China’s announcement of new ESG reporting standards means companies listed on the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and the Science and Technology Innovation Board (STAR Market), as well as those with dual listings overseas, have to disclose ESG information, including Scope 3 emissions.
https://sustainabilitymag.com/esg/esg-reporting-delays-in-europe-and-mandatory-in-china
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