The ISSB, a sustainability-reporting standard-setting body, will vote this week to add biodiversity-related disclosures to its work plan, paving the way for such standards to become the global baseline.
Putting more pressure on organisations in Hong Kong to deliver on their climate pledges is critical if the city is to achieve its net-zero goal. Using reporting standards to create greater transparency is a smart way to apply some of that pressure, but it also comes with reputational and business risks for firms.
The HSBC Global Investment Summit will be the largest such conference in the city, filling the void left by Credit Suisse, which last held its flagship event in March 2023 before its eventual demise.
City’s businesses will be required to meet international standards on sustainability, but this will require funding from both the public and private sectors.