CSRC 2024 (exchanges)
SSE/SZSE/BSE Self-Regulatory Guidelines — Sustainability Report (Trial), under CSRC direction
Topic : ESG disclosure · Level : Stock exchange
Today
First mandatory FY2025 reports by 30 Apr 2026: all 430 mandatory issuers filed; 2,720 A-share firms (49%) reported.
Summary
Under CSRC direction, China's three stock exchanges issued sustainability reporting guidelines in April 2024. About 430 large or dual-listed issuers had to publish a first report for 2025 by 30 April 2026. Other listed companies may report voluntarily.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Triggering activities
- In SSE 180, STAR 50, SZSE 100 or ChiNext
- A-share issuer also listed overseas
- Extraterritorial reach
- No
Domestic listing rule. Issuers must describe supply-chain management, so they pass data requests to suppliers.
- Examples
- SSE 180 automaker
- A+H dual-listed bank
- ChiNext battery maker
What the law requires
- Publish a sustainability report by 30 April each year
- Conduct a double-materiality assessment
- Disclose climate governance, strategy, risks and GHG emissions
- Describe supply-chain and supplier management
Penalties
Exchange self-regulatory measures and disciplinary sanctions (e.g. public censure); referral to CSRC for false disclosure.
What this changes for a supplier in China
Large listed Chinese buyers now publish supply-chain and climate data. Their suppliers receive questionnaires on emissions, energy and labour practices.
Expected evidence
- Scope 1 and 2 emissions
- Energy and water consumption
- Environmental and social compliance records
Tiers : Tier 1