The Standards provide a framework for all Chinese companies’ sustainability disclosures and the applicability extends beyond listed companies.

By Paul A. Davies, Farhana Sharmeen, Michael D. Green, James Bee, and Qingyi Pan

On May 27, 2024, China’s Ministry of Finance published the new Corporate Sustainability Disclosure Standards (Draft for Comment) (the Standards). The Standards set out the general provisions, disclosure objectives, and information quality requirements, which aim to lay the ground for China’s unified national sustainability disclosure standard system, expected to launch by 2030. The goal of the Standards is to promote transparent disclosure throughout the value chain and to enhance the competitiveness of Chinese companies globally.