The Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) and Beijing Stock Exchange (BSE) have published guidance to support listed companies preparing sustainability reports. The guidelines outline a toolbox and encyclopedia to help listed companies improve their sustainable development governance frameworks, and analyse related risks and opportunities. The exchanges have included disclosure tips, examples, explanations of key concepts, recommended implementation steps, and relevant references for companies to draw on. In addition, the guidance includes methods for assessing the importance of climate-related issues, performing scenario analysis, accounting for greenhouse gas emissions, and preparing climate transition plans. Smaller companies listed on the SSE and SZSE will be encouraged to make voluntary aligned disclosures. The BSE will adopt a voluntary disclosure regime, as its market comprises mostly SMEs. The guidance is open to feedback until 21 November. It follows separate guidelines published in April which require companies included in the SSE 180, STAR 50, SZSE 100 and ChiNext Indexes – including those dually listed overseas – to publish 2025 sustainability reports before 30 April 2026.
