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We enclose reprinted pages of the Listing Rules and filing instructions. The reprinted pages incorporate amendments to implement the proposals of the "Consultation Conclusions on Review of the Environmental, Social and Governance Reporting Guide and related Listing Rules" published on 18 December 2019. |
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Key changes to the Listing Rules include: |
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Introducing mandatory disclosure requirements to include: |
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- a board statement setting out the board’s consideration of ESG issues; |
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- application of Reporting Principles “materiality”, “quantitative” and “consistency”; and |
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- an explanation of reporting boundaries of ESG reports; |
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Requiring disclosure of significant climate-related issues which have impacted and may impact the issuer; |
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Amending the “Environmental” key performance indicators (KPIs) to require disclosure of relevant targets; |
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Upgrading the disclosure obligation of all “Social” KPIs to “comply or explain”; and |
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Shortening the deadline for publication of ESG reports to within five months after the financial year-end.
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| Coming into effect |
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| The amendments will apply to issuers’ ESG reports for financial years commencing on or after 1 July 2020. |
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Please click HERE to see the amendments to the Main Board Listing Rules. |