Hong Kong Among the First to Target Full ISSB Adoption for IFRS Sustainability
Hong Kong has targeted full adoption of the ISSB Standards. This IFRS sustainability commitment has been highlighted by the city as proof of its dedication to providing transparent sustainability information within capital markets.
Through its jurisdictional profile, the IFRS Foundation recognises Hong Kong’s public pledge to align with mandatory ISSB disclosure requirements. Authorities say this alignment ensures that investors have access to reliable environmental, social, and governance data, helping them make well-informed decisions.
National Standards and Roadmap
The Hong Kong Institute of CPAs established local Sustainability Disclosure Standards last December. These standards, which take effect on August 1 this year, are fully aligned with the ISSB framework and reflect global best practices.
Additionally, the Treasury Bureau unveiled a structured roadmap guiding publicly accountable entities toward full adoption of the ISSB by 2028. This pathway provides large businesses with clarity on compliance timelines and practical steps to ensure consistent implementation.
Looking ahead
Following this confirmation, regulators and market participants will work closely to integrate new disclosure requirements into financial reporting systems. This effort is expected to enhance investor trust, improve sustainability metrics, and attract global capital.
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