Article by Peiyuan Guo, GRI Supervisory Board Member
Photo credit: Jerry Chen – Unsplash
A new corporate standard for climate reporting has been introduced by China’s Ministry of Finance, reflecting double-materiality disclosure expectations that encompass both impacts and financial risk.
Their approach reflects a high degree of alignment with international reporting approaches, including the GRI 102 Climate Change Standard. As GRI Supervisory Board Member Peiyuan Guo sets out, amid uncertainties or delays in the implementation of climate regulations in several jurisdictions, China’s commitment to comprehensive reporting is to be welcomed.
View his article, published in Eco-Business: China’s new climate standard: a global signal at the right time
"For companies operating in China, or seeking access to the Chinese market, the implications are immediate. Climate disclosure expectations will increasingly influence regulatory engagement, financing conditions and participation in value chains. China has provided a clear signal. The opportunity now lies in translating that ambition into reporting that genuinely informs sustainable outcomes and drives climate action, in China and across global markets."
Peiyuan Guo
The GRI Academy offers the course Completing the Picture: Climate Reporting with GRI and IFRS Standards, which provides organizations and stakeholders with practical insights to advance in their climate disclosure journey, through reporting that addresses impacts, risks and opportunities.
GRI 102 (Climate Change) and GRI 103 (Energy) empower organizations to respond to the escalating climate crisis by articulating their efforts in support of climate action. The two standards were published in June 2025 and are now freely available for download in 10 languages.
Published by
GRI - Global Reporting Initiative
GRI - Global Reporting Initiative
