China

Administrative Measures for Legal (ESG) Disclosure of Enterprise Environmental Information

Executive

Regulation/Rules

Passed in 2021

These measures aim to standardise legal disclosure of corporate environmental information (ESG) "and strengthen social supervision, in accordance with the Environmental Protection Law, the Cleaner Production Promotion Law, the Measures for the Formulation of Provisions on Information Disclosure by Public Enterprises and Institutions, and the Legal Disclosure of Environmental Information. These Measures are applicable to the disclosure of environmental information by enterprises in accordance with the law and their supervision and management activities (art. 2). The Ministry of Ecology and Environment shall be responsible for the organisation, guidance, supervision and management of the legal disclosure of environmental information across the country (art. 3).

Under Chapter III on disclosure content and time limit, art. 12 states that an enterprise's annual environmental information disclosure report according to law shall include the following contents:
(1) Basic information of the enterprise, including basic information on production and ecological environment protection of the enterprise;
(...)
(4) Carbon emission information, including information on emissions, emission facilities, etc.

Article 15 states that "when disclosing annual environmental information, listed companies and bond-issuing enterprises shall disclose relevant information in accordance with the following provisions in addition to the environmental information specified in Article 12:
(1) If a listed company raises funds by issuing stocks, bonds, depositary receipts, medium-term notes, short-term financing bills, ultra-short-term financing bills, asset securitisation, bank loans, etc., it shall disclose the annual financing form, amount, investment direction and other information, as well as information on climate change, ecological and environmental protection of the projects invested by the financing;
(2) Where a bond-issuing enterprise raises funds by issuing stocks, bonds, depositary receipts, exchangeable bonds, medium-term notes, short-term financing bills, ultra-short-term financing bills, asset securitization, bank loans, etc., it shall disclose the annual financing form and amount , investment direction and other information, as well as information on climate change, ecological and environmental protection of the projects invested by financing."

Documents

Full text on official website (Chinese)