Environmental, social and governance
Content Summary
2024
24 October 2024 - We support the proposed adoption by the HKICPA of the two inaugural sustainability-related standards (IFRS S1 and IFRS S2) issued by the International Sustainability Standards Board (ISSB). This will ensure full alignment of HKFRS S1 and HKFRS S2 to the international baseline set by IFRS S1 and S2.
01 March 2024 - In this submission we continue to support the AASB’s role in setting climate-related standards for Australia. We however express concern around the departure from the ISSB standards, capacity building and setting the scene for future broader sustainability considerations.
9 February 2024 - In our joint submission, we support the Commonwealth Treasury’s continued work towards establishing a legal framework for mandatory climate-related disclosures. However, we note certain conflicts exist between Treasury’s Policy Position Statement (policy position statement) and ED SR1 which will need to be reconciled. The existence of these conflicts highlights the current lack of distinction between policy making and standard setting in relation to climate-related disclosures.
2023
1 September 2023 - Whilst we support the ISSB's intent to determine its future priorities, we suggest the focus should be on the implementation of IFRS S1 and IFRS S2 in the immediate future. We also highlight the importance of a collaborative approach going forward, and would prefer to see a more detailed longer-term roadmap.
9 August 2023 - The approach taken by the ISSB to enhance the SASB standards appears logical. We however raise concerns around the scope, depth and speed of the envisaged review, and put forward our suggestions for a more holistic in depth review.
14 July 2023 - We support the mandating of climate-related disclosures by all issuers. We suggest the HKEX continue collaborating with the government, professional associations, advisers, businesses and educators to provide support and guidance to small and medium-sized issuers; many of whom may lack the capacity, skills and knowledge to comply with the mandatory disclosure requirement.
2022
16 December 2022
July 2022
28 January 2022
2021
28 May 2021
2020
16 December 2020
5 November 2020
24 June 2020
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Cross policy
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澳洲會計師公會倡議提升香港的可持續發展及競爭力
Media Release | 29 September 2021
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Financial reporting
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CPA Australia proposals to enhance Hong Kong’s sustainability and competitiveness
Media Release | 29 September 2021
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Economics
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