China has introduced the Basic Standards for corporate sustainability disclosures, aligning with global ESG frameworks. The standards aim to standardize ESG disclosures nationwide, with full implementation set for 2030. A voluntary phase allows enterprises to adopt the standards before mandatory compliance requirements are finalized. This provides flexibility for businesses to adapt.
The standards prioritize transparency for investors and creditors, addressing data accuracy and aligning with international practices. ESG reporting will become mandatory for large listed companies starting in 2026. The initiative balances global ESG integration with local priorities such as climate change and rural development. The framework marks a critical step in advancing corporate sustainability practices nationwide.
