China’s Ministry of Finance, alongside key ministries, the People’s Bank of China, and financial regulators, released “Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial)” on December 25, 2025.​ The framework establishes unified climate reporting covering governance, risks/opportunities, strategy, metrics, and targets—closely aligned with ISSB standards while incorporating China-specific double materiality.

Initially voluntary and trial-based, it prioritizes larger/listed companies with phased rollout, potential mandatory shift by ~2030, to enhance data credibility, curb greenwashing, and direct capital to low-carbon transition.

Sector-specific guidance is forthcoming for high-emitters like power, steel, and cement, supporting China’s 2030 peaking/2060 neutrality goals.