Hong Kong leads in adopting ISSB Standards for sustainability disclosures

【Hong Kong confirmed as a first mover in setting a target for full adoption of ISSB Standards】   The publication of jurisdictional profiles by the International Financial Reporting Standards Foundation (IFRS Foundation) confirms Hong Kong as one of the initial jurisdictions to set a target for full adoption of the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards).   We welcome and are encouraged by this publication, as it demonstrates Hong Kong’s commitment to enhancing transparency around sustainable development in capital markets, facilitating informed investment decisions, and promoting global capital flows.   Secretary Christopher Hui said: “This affirms our efforts and determination in supporting and promoting a common international language for sustainability disclosures. It also highlights Hong Kong’s strengths in sustainable finance and reinforces our position as an international sustainable finance hub.”