China Releases First Corporate Sustainability Disclosure Standards

China has introduced the Basic Standards for corporate sustainability disclosures to standardize ESG reporting nationwide, aligning with global frameworks while addressing local priorities like climate change and rural development. The framework, finalized in December 2024, includes overarching standards, specific themes, and application guidelines to ensure transparency and data accuracy. ESG reporting will become mandatory for large listed companies in 2026, with full implementation by 2030. The final standards focus on investor and creditor transparency, offering flexibility for smaller firms and fostering international competitiveness in sustainability practices. This marks a significant step in advancing corporate responsibility and attracting global capital. Resources: https://esgnews.com/china-releases-first-corporate-sustainability-disclosure-standards/