𝐇𝐊𝐈𝐂𝐏𝐀 𝐖𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐈𝐅𝐑𝐒 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧’𝐬 𝐉𝐮𝐫𝐢𝐬𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐬 𝐨𝐧 𝐈𝐒𝐒𝐁 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧
The Hong Kong Institute of Certified Public Accountants (HKICPA) welcomes the IFRS Foundation’s publication of Jurisdictional Profiles on Adoption of ISSB Standards, which recognizes Hong Kong’s leading progress in aligning the local sustainability disclosure standards with the corresponding global baseline.
According to the Profiles, Hong Kong has been confirmed to be among the first jurisdictions having set a target of fully adopting the ISSB Standards.
Edward Au, President of the HKICPA, said, “We are delighted to see the announcement by the IFRS Foundation, which affirms Hong Kong’s leading position in sustainability disclosures efforts with global benchmark standards and enhancing transparency for capital markets. As the sustainability disclosure standards setter in Hong Kong, the HKICPA will continue its dedicated efforts to contribute to the development of a comprehensive sustainability disclosure ecosystem, aiming to solidify Hong Kong’s status as a leading international financial centre and a green and sustainable finance hub."
Aligned with the Government’s Roadmap, HKICPA published HKFRS S1 & S2 in December 2024, fully consistent with ISSB Standards, and aims to publish the local ethics standard for sustainability assurance by the end of 2025 to further enhance credibility.
🔗 Read the Institute’s press release on this publication: https://lnkd.in/gbe8nVkb
🔗 Learn more about the IFRS Foundation’s Jurisdictional Profiles: https://lnkd.in/gVekfruK
To support stakeholders, HKICPA is launching a Sustainability Certificate Programme in 2025, alongside ongoing training initiatives. Stay tuned for new announcements
🔗 Explore HKICPA’s Sustainability Information Centre: https://lnkd.in/gDCwfn7T
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