Welcome to the latest edition of our monthly Global Sustainability & ESG Insights providing you with a summary of the key developments from around the world.
Asia
China
Consultation on Climate Disclosure Application Guides Launched
On September 28, the Ministry of Finance issued draft application guides for the Sustainability Disclosure Standard for Business Enterprises No.1 — Climate (Trial), and nine sector-specific guides. The overarching guide explains how companies should apply China's climate disclosure requirements in practice. It introduces guidance on climate impacts, transition plans, scenario analysis and climate-related financial reporting. The guide also formalises methodologies for reporting Scope 1, Scope 2 and Scope 3 greenhouse-gas emissions. Separate industry guides cover power, steel, coal, oil, fertiliser, aluminium, hydrogen, cement and automotive sectors. The sector-specific guidance identifies climate risks, opportunities, emissions sources, targets and