Key takeaways from the Beijing International Sustainability Conference 2024—'Path to Global Baseline
Key takeaways from the Beijing International Sustainability Conference 2024—'Path to Global Baseline
The Beijing International Sustainability Conference 2024, held on 21 November 2024 in Beijing, China, was hosted by the IFRS Foundation’s Beijing Office.
The highlights of the conference include the following:
The highlights of the conference include the following:
- Speakers at the conference highlighted that investors are increasingly seeking sustainability-related financial information alongside financial statements to provide a comprehensive financial reporting package, which benefits capital markets by offering decision-useful information for investments and resource allocation.
- The IFRS Foundation has made significant progress in advancing the adoption of its sustainability-related disclosure requirements globally, with The International Sustainability Standards Board (ISSB) Standards establishing a global baseline that enhances capital market transparency and investor confidence.
- In Asia, various markets are gradually introducing these standards into their legal and regulatory frameworks. Additionally, the Chinese Ministry of Finance and other relevant ministries are developing the Exposure Draft of Chinese Sustainability Disclosure Standards for Business Enterprises, based on the ISSB Standards, marking an important step for China in providing high-quality, comparable information for the market.