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China Mulls Mandatory ESG Disclosures for Domestic Public Firms

  • Regulators are working on framework for firms listed in China
  • Beijing, IFRS formed cooperation on sustainability disclosure

China is planning to make ESG disclosures compulsory as part of efforts to shift to a lower-carbon economy, according to people familiar with the matter.

Regulators are working with advisory bodies and rating agencies to formulate a framework for mandatory environmental, social and governance-related disclosures for companies listed in China, the people said, asking not to be identified because the matter is private.