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China Finance 40 Forum (CF40) Profile picture
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4 Nov, 8 tweets, 2 min read
In a recent research on Disclosure Standards for Sustainability Information led by CF40 Executive Council member Tu Guangshao, several recommendations for improving the #sustainability #disclosure framework of corporates (“the company” below) in China were made:
1. Sustainability governance

1) Disclosing the company’s structure for sustainable development governance.

2) Disclosing the responsibilities of management in terms of assessing and managing the risks and opportunities related to sustainable development.
3) Disclosing the board’s governance of risks and opportunities related to sustainabilitu, including, at a minimum, the board’s identification of material sustainability issues, and its monitoring of the management of sustainabilitu issues and the progress towards targets.
2. Sustainability strategy

1) Disclosing risks and opportunities related to material sustainability issues.

2) Disclosing the actual and potential effects that relevant risks and opportunities have on the company’s business, strategy and finance.
3) Disclosing the company’s strategic resilience, that is, the ability to respond to risks and tap into opportunities.
3. Management of sustainability issues

1) Disclosing the company’s policies and processes for managing material sustainability issues.

2) Disclosing the specific measures that the company has adopted to manage material sustainability issues and their results.
4. Sustainability targets and indicators

1) Disclosing the targets that the company has set to manage risks and opportunities related to material sustainability issues and the progress towards meeting them.
2) Disclosing the company’s assessment of the risks and opportunities related to material sustainability issues and the indicators used to gauge management performance.

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