Hong Kong Stock Exchange to Tighten Climate Disclosure Rules
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The Hong Kong Stock Exchange plans to make its listed companies quantify and reveal more about their climate-related risks, starting in January.
The proposed new disclosures would be stricter and more extensive than Hong Kong’s current “comply or explain” framework, which asks companies to make disclosures or justify their absence. They would align the market with rules being developed by the International Sustainability Standards Board, established by the London-based IFRS Foundation as a complement to its International Accounting Standards Board.