On 17 December 2024, China's Ministry of Finance and eight other ministries jointly issued the Basic Standards for Corporate Sustainability Disclosure (Trial) (《企业可持续披露准则——基本准则(试行)》), laying the foundation for a national sustainability reporting framework.

Key points:

- The framework follows a three-tier structure: Basic Standards, Specific Standards and Application Guidance.
- The standards cover governance, strategy, risk and opportunity management, and indicators & targets — aligned with international frameworks such as ISSB.
- Implementation will proceed in phases: specific standards, including climate-related disclosure requirements, are expected by 2027, with a unified national sustainability disclosure standard system targeted by 2030.

For suppliers and manufacturers working with listed companies, these standards will increasingly flow down the supply chain. Preparing reliable ESG data now is the smartest first step. CSER Solutions can help you build the data systems and disclosure capabilities the new regime will require.