Sustainability Disclosures in Asia-Pacific: Accelerated Transition to New Standards

Companies across the globe are preparing for a momentous transition in their sustainability reporting to incorporate a raft of new international standards. In the Asia-Pacific region, companies and regulators in Singapore, Taiwan and South Korea are moving quickly to align themselves with the new rules ahead of their formal implementation. Financial centers such as Hong Kong, Japan and Singapore are proactively driving formal adoption of the disclosure rules developed by the ISSB, targeting fiscal years 2025 and 2026. At the same time, India and China are charting their own paths on sustainability disclosures.

ISS-Corporate reviewed the level of alignment of corporate disclosures in major Asia-Pacific markets with established frameworks – the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board standards, and the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations – to identify which countries and sectors are better prepared to meet the more ambitious requirements of CSRD and the IFRS Sustainability Disclosure Standards.