Ministry of Finance: Corporate sustainable information disclosure during the “15th Five-Year Plan” will promote three major tasks

China News Service, Beijing, November 11 (Reporter Zhao Jianhua) Sustainable information disclosure has attracted widespread attention around the world, requiring companies to not only disclose financial accounts of how much money they make, but also truthfully present "ecological accounts, people's livelihood accounts, and long-term accounts" such as environmental emissions, production safety, employee protection, social responsibility, and internal control and compliance. When talking about sustainable information disclosure, Lin Qiyun, director of the Accounting Department of the Ministry of Finance, said in Beijing on the 11th that during the "15th Five-Year Plan" period, the Ministry of Finance will continue to promote three aspects of work:

——Establish and improve sustainable disclosure standards. This is the basic rule for sustainable information disclosure and a unified, comparable and credible "weights and measures" among enterprises. Recently, around the climate code, guidelines for the application of the code and nine key industry application guidelines have been formulated and publicly solicited opinions. In the future, we will accelerate the research and formulation of a series of sustainable disclosure guidelines on environmental, social and governance issues such as biodiversity, and specifically study and formulate sustainable disclosure guidelines for small and medium-sized enterprises. We will further expand the coverage of sustainable disclosure and strive to basically establish a unified national sustainable disclosure guideline system by 2030.

——Promote the implementation of the standards steadily and orderly. This year, pilot implementation of the guidelines will be carried out in different regions and industries, and qualified enterprises will be encouraged to take the lead in piloting and promote implementation in a point-to-point manner. The general consideration is to distinguish the key points, pilot first, advance step by step, and expand from listed companies to unlisted companies, from large enterprises to small and medium-sized enterprises, from qualitative requirements to quantitative requirements, and from voluntary disclosure to mandatory disclosure.

——Continue to improve the governance structure of multi-party linkage. Sustainable information covers a wide range and requires the joint efforts of many parties to ensure that the information posted is seen, used and supervised, creating a good situation of government promotion, enterprise initiative and social linkage.