HONG KONG INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
Committee Membership Details for the Year 2025
Sustainability Disclosure Standards Committee
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Terms of Reference
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| 1. |
To adopt, in accordance with the due process approved by Council, new and revised HKFRS Sustainability Disclosure Standards and related guidance to achieve convergence, as far as practicable, with IFRS Sustainability Disclosure Standards. |
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To be the main Committee responsible for gathering and communicating information relating to sustainability-related financial disclosures between the stakeholders in Hong Kong and the International Sustainability Standards Board (ISSB), Asian-Oceanian Standard-Setters Group and other national standard setters. |
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To develop and prepare comments on ISSB consultation documents relating to sustainability-related financial disclosures, including responding to requests for comments or information on such matters from ISSB Staff and/or other standard setting or regulatory bodies. |
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To identify issues that might require interpretation and other emerging divergent practices in sustainability-related financial disclosures and consider the appropriate action to take to maintain the integrity of sustainability-related financial disclosures in Hong Kong. This may include participating in any standing and/or ad-hoc forums on sustainability-related financial disclosures that the Institute may establish from time to time, requesting the ISSB and/or any of its relevant consultative bodies to address the issues and/or, when needed, developing local interpretations or guidance. |
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To utilize the expertise and knowledge of the Committee to identify current and developing issues that may be suitable topics for CPD and educational events and/or research and other thought leadership projects. The Committee will advise the Executive Committee of potential topics for selection and prioritization of work to be undertaken. |
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To form advisory panels or other specialist groups to provide comments on ISSB consultation documents as well as to develop pronouncements and guidance relating to sustainability-related financial disclosures.
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To contribute resources to the development and delivery of local guidance, trainings and/or other publications and events to provide information and/or guidance to local stakeholders on IFRS/HKFRS Sustainability Disclosure Standards or to stimulate debate on important sustainability-related financial disclosure issues.
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