"China Releases Corporate Climate Reporting Standard", 5 January 2026

China’s Ministry of Finance, alongside several other of the country’s ministries, central bank, and regulators, announced the release of its new “Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial),” a new standard, aligned with the IFRS Foundation’s climate reporting standard, aimed at enabling companies to report on climate-related risks, opportunities and impacts, and to support China’s green development goals.

[...] the new trial climate reporting standard forms part of China’s efforts to addressing climate change [...] by providing a key mechanism to enable green and low-carbon development, as well as to solve greenwashing problems through the standardization of information disclosure, and support the guidance of capital flows to low-carbon projects.

[...] the new Chinese standard follows the main structure of the IFRS S2 climate reporting standard, incorporating key pillars including Governance, Strategy, Risk and Opportunity Management, and Metrics and Targets.

[...] development has started on application guidelines for industries such as power, steel, coal, petroleum, fertilizer, aluminum, hydrogen, cement, and automobiles, which will be released over time to provide “a full-chain industry application system of ‘basic guidelines + specific guidelines + industry application guidelines.’”