普华永道-亚太区可持续发展报告研究（英）-47页_12mb

报告摘要

Summary of Sustainability Counts Report

Core Content

The Sustainability Counts report, published in May 2022 by PwC, provides an in-depth analysis of sustainability reporting requirements and standards across the Asia Pacific region. It highlights the growing importance of sustainability reporting for businesses, driven by increasing stakeholder expectations and regulatory developments. The report emphasizes the need for high-quality, consistent, and independently assured sustainability information to build trust, manage risks, and enhance corporate value.

Main Viewpoints

Sustainability reporting is becoming a strategic priority for companies, with a focus on long-term value creation and transparency in ESG (Environmental, Social, and Governance) performance.
Investors and stakeholders are demanding more comprehensive and standardized sustainability reporting that aligns with global best practices.
The development of global standards is a key trend, with the establishment of the International Sustainability Standards Board (ISSB) representing a significant step towards unified, globally accepted sustainability reporting standards.
Asia Pacific jurisdictions are also introducing or planning to introduce mandatory sustainability reporting requirements, particularly in areas such as climate change, social responsibility, and governance.

Key Insights

Materiality is a common focus across jurisdictions, with 62% of companies disclosing 10–20 material topics and 80% explaining their selection process.
Climate risk is widely recognized as a key sustainability issue, with over 70% of companies across nearly all jurisdictions disclosing it. However, fewer than 30% integrate climate risk into their risk management systems.
SDGs (Sustainable Development Goals), GRI (Global Reporting Initiative), and TCFD (Task Force on Climate-related Financial Disclosures) are the most commonly used frameworks. With TCFD likely to be mandated in some jurisdictions, there is expected to be a rise in TCFD-aligned reporting.
Board responsibility and ESG governance structure disclosures are still in early stages, with Australia, Hong Kong, Malaysia, and Singapore showing higher engagement in this area.
Assurance of sustainability reports is limited in most jurisdictions, except Taiwan, which has mandated specific assurance requirements.

Evolution of Global and Regional Standards

The ISSB was established in 2021 to create a single set of global sustainability standards that are enforceable, globally accepted, and consistent.
The ISSB is building on existing standards and frameworks, including TCFD, SASB, GRI, and IIRC, and proposes a global baseline based on the TCFD 4 pillars framework (Governance, Strategy, Risk Management, and Metrics and Targets).
The Value Reporting Foundation (VRF), formed by the merger of SASB and IIRC, plays a key role in supporting the ISSB by providing Integrated Thinking Principles, Integrated Reporting Framework, and SASB Standards.
The TRWG (Technical Readiness Working Group) is working to support the technical development and implementation of ISSB standards, with a focus on enterprise value, ESG scope, and compatibility with local regulations.

Asia Pacific Reporting Requirements

Jurisdiction	Current Requirements	Upcoming Requirements
Australia	- No compulsory sustainability reporting<br>- Corporate governance codes recommend ESG risk disclosure<br>- Regulatory bodies emphasize climate risk identification and disclosure<br>- Legal requirements for non-financial disclosures under specific federal acts	- Expected mandatory ESG reporting guide for A-share companies by end of 2022<br>- HKEX is expected to consult on ISSB implementation in 2023<br>- AASB has added sustainability reporting to its work program
China	- CSRC requires 'Environmental and Social Responsibility' sections in half-year and annual reports<br>- Voluntary carbon emissions and ESG risk reporting<br>- GRI is the most commonly used framework<br>- Environmental information disclosure regulation effective since 8 February 2022	- Compulsory ESG reporting guide for A-share companies expected by end of 2022<br>- Shanghai Stock Exchange requires social responsibility reports for Kechuang 50 index companies
Hong Kong	- ESG Reporting Guide under listing rules<br>- 'Comply or explain' and recommended disclosures<br>- ESG-related risks must be included in enterprise risk management assessments from 2022	- HKMA announced plans to mandate TCFD for relevant sectors by 2025<br>- HKEX expected to consult on ISSB implementation in 2023
India	- Top 1,000 listed entities must prepare Business Responsibility Reports (BRRs)<br>- Top 500 companies may adopt Integrated Reporting (IR) voluntarily	- BRSR (Business Responsibility and Sustainability Report) to be mandatory for FY 2022–2023<br>- Includes nine principles from the National Guidelines on Responsible Business Conduct (NGRBCs)

Path to Sustainability Reporting Excellence

Companies should start early and build a roadmap for sustainability reporting to stay ahead of regulations and stakeholder expectations.
High-quality ESG reporting is essential for enhancing value, reducing the cost of capital, and improving employee engagement.
Independent assurance is crucial for building trust in sustainability reports.
The integration of ESG into strategy and risk management is a key area for improvement.
Global alignment of standards, along with local legal and regulatory compliance, is necessary for effective sustainability reporting.

Conclusion

The report underscores the importance of sustainability reporting in today's business environment and the need for global alignment and local adaptation. It provides a roadmap for companies to enhance their reporting practices, align with emerging standards, and meet the growing expectations of investors and other stakeholders. The ISSB and regulatory changes in Asia Pacific are expected to drive more consistent and comparable sustainability reporting, ultimately supporting long-term value creation and resilience.

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