On December 4th, Tianqi Lithium Co., Ltd. (hereinafter referred to as "Tianqi Lithium") registered as a "ISSB Climate Global Benchmark COP28 Pioneer Supporter" and was officially announced on the International Financial Reporting Standards (IFRS) Foundation's official website: ifrs.org.
The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) marks the two-year anniversary of the establishment of the International Sustainability Standards Board (ISSB). The impact of climate risks on companies and capital is becoming increasingly evident. In response to the call for climate action at COP28, Tianqi Lithium supports the establishment of a market infrastructure that enables consistent and comparable climate-related disclosures globally. The company is committed to promoting the adoption and use of ISSB climate standards as the global benchmark for climate information.
Image | Tianqi Lithium becomes ISSB International Sustainability Disclosure Standards "Pioneer Partner"
The mission of ISSB is to provide a set of high-quality, comparable, and reliable sustainability disclosure standards, which is of great significance for jointly promoting high-quality ESG development in the international community. Tianqi Lithium commits to advance learning and endorse ISSB's "International Financial Reporting Sustainability Disclosure Standard No. 1 - General Requirements for Sustainability-Related Financial Disclosures" and "International Financial Reporting Sustainability Disclosure Standard No. 2 - Climate-Related Disclosures." The company will continue to support ISSB in developing high-quality global sustainability information disclosure benchmarks, promoting green, low-carbon, and high-quality development, fostering a good ecological environment for sustainable information disclosure.
About the International Sustainability Standards Board
On June 26, 2023, the International Sustainability Standards Board (ISSB) formally released the first set of global sustainability disclosure standards, "International Financial Reporting Sustainability Disclosure Standard No. 1 - General Requirements for Sustainability-Related Financial Disclosures" (S1) and "International Financial Reporting Sustainability Disclosure Standard No. 2 - Climate-Related Disclosures" (S2). S1 and S2 aim to enhance transparency and the quality of ESG information disclosure for businesses. S1, as part of the IFRS Sustainability Disclosure Series, outlines the framework, specifying the scope and objectives of reporting while providing practical requirements. S1 requires companies to disclose all significant information related to sustainable risks and opportunities relevant to corporate development, including but not limited to climate-related information. S2 focuses on climate-related information disclosure.
