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Are the Regulations Getting Tougher?
The EU has recently introduced a requirement that by 2024, at least 40% of non-executive board seats need to be female. In Hong Kong, all new IPOs have to have at least one female director and by 2024, all listed companies in Hong Kong must have that. A lot of regulators are now introducing new requirements for climate change disclosure. The UK is leading with mandatory TCFD disclosure by next year. And there is a new development, the ISSB, the International Sustainability Standards Board, which will shortly introduce a global standard for climate-related disclosures.