M UpdateAsia Sustainability | Asia PacificESG Regulatory Tracker – January 2024Morgan Stanley Asia Limited+Ehsernta FuEquity Strategist Ehsernta.Fu@morganstanley.com +852 3963-3711 Tim Chan, CFAEquity Strategist Tim.Chan@morganstanley.com +852 3963-4568 Morgan Stanley MUFG Securities Co., Ltd.+Naruko KuboEquity Strategist Naruko.Kubo@morganstanleymufg.com +81 3 6836-8433 Morgan Stanley Australia Limited+Rob KohEquity Analyst Rob.Koh@morganstanley.com +61 3 9256-8932 Morgan Stanley & Co. LLCStephen C ByrdEquity Analyst Stephen.Byrd@morganstanley.com +1 212 761-3865 Laura SanchezEquity Analyst Laura.Sanchez@morganstanley.com Carolyn L CampbellStrategist Carolyn.Campbell@morganstanley.com +1 212 761-3748 Morgan Stanley & Co. International plc+Michael P CanfieldEquity Strategist Mike.Canfield@morganstanley.com +44 20 7425-1188 Our ESG regulatory tracker outlines the status quo of key ESG regulations in Asia Pacific. In 2024, we expect to see staggered alignment of corporate sustainability disclosures with the ISSB standards, continuous focus on defining sustainability, as well as criteria and guidance on transition. M Exhibit 1:APAC ESG Regulations – Status Quo and What to Expect for 2024Source: Morgan Stanley Research. Note: Expected regulation timelines are announced by regulators.Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report.+= Analysts employed by non-U.S. affiliates are not registered with FINRA, may not be associated persons of the member and may not be subject to FINRA restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. January 9, 2024 09:00 PM GMTM Update2 Morgan Stanley appreciates your support in the 2024 Institutional Investor All-Asia Research Team Survey. Request your ballot here. Related Reports Asia Sustainability: 2024 Outlook: Top Questions for 2024 (3 Jan 2024) Asia Sustainability: ESG Regulatory Tracker – May 2023 (14 May 2023) M UpdateMorgan Stanley Research31ESG Corporate Disclosures – Existing and Developing RegulationsAustraliaChinaHong KongIndiaJapanKoreaSingaporeTaiwanMalaysiaExisting•National Greenhouse and Energy Reporting Act (Mandatory for companies with yearly emissions of ≥ 50kt CO2e, 2007)•Workplace Gender Equality Act (Mandatory, 2012)•ASX Corporate Governance Principles and Recommendations (Mandatory, 2019)•Guidelines on Environmental Information Disclosure for Financial Institutions (2021)•Guidance for Enterprise ESG Disclosure (Voluntary, 2022)•Environmental ...
