Is your company ready to take the leap into a more sustainable future?
Earlier this year, The Hong Kong Stock Exchange conducted a consultation to enhance climate and sustainability disclosures for listed companies, aligning with the International Sustainability Standards Board (ISSB) Climate Standard.
According to the Exchange’s proposals, listed companies will need to disclose their climate-related targets and assess how their climate change mitigation and adaptation efforts will impact their business models and strategies. Additionally, they will be required to report details of transition plans, measure and disclose scope 3 emissions, and provide detailed information on climate-related risks and opportunities to investors.
The Exchange intends to implement transitional requirements for certain disclosure requirements for the first two reporting years starting from 1 January 2024.
Scope 3 emissions significantly contribute to a company’s carbon footprint across many industries. It is crucial for companies aiming to transition to a lower carbon economy to address scope 3 emissions in their plans.
Whether you are seeking sustainability guidance or consultation services to calculate scope 3 emissions, our sustainability experts are here to assist. Drop us a message today!