The Hong Kong stock exchange plans to make it mandatory for companies listed there to make climate-related disclosures, as the city strives to stay competitive as a green and sustainable financial centre. The bourse, which is a unit of Hong Kong Exchanges and Clearing Ltd, launched a three-month consultation over the plan, proposed under its ESG framework. The exchange says mandating all listed companies to make climate-related disclosures in their ESG reports marks an upgrade from the existing “comply or explain” regime.

Source: ESGNews