Subheading
Hong Kong’s new roadmap mandates ISSB Standards for sustainability disclosure, positioning the city as a global leader in green finance by 2028.
Highlights
- Mandated Standards: Hong Kong requires publicly accountable entities to adopt ISSB Standards for sustainability disclosure by 2028.
- Global Leadership: The roadmap aims to position Hong Kong as a premier international financial center and green finance hub.
- Comprehensive Ecosystem: The initiative includes sustainability assurance, data and technology, and skills development to support the new standards.
The Hong Kong government has launched a comprehensive roadmap to implement the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across publicly accountable entities by 2028. This initiative mandates that all companies comply with ISSB climate disclosures starting January 1, 2026. The roadmap outlines new mandatory climate reporting requirements and aims to position Hong Kong as a global leader in sustainable finance.
It also includes measures to support the ecosystem through sustainable financing and an expanded Hong Kong Taxonomy for Sustainable Finance. Christopher Hui, Secretary for Financial Services and the Treasury, emphasized that this move consolidates Hong Kong’s competitiveness as a premier international financial center and green finance hub
