Only a small percentage of China’s businesses and financial institutions have completed their climate risks reporting. Those that have, will have focused on the qualitative aspects as quantitative assessments such as the financial implications of climate risks are still rare. However, this will change soon. ISSB standards are becoming more accepted and even mandatory while disclosure frameworks such as CDP are also aligning with ISSB. As such, Chinese companies – especially those that are listed in Hong Kong market or plan to disclose their performance to the CDP – are paying close attention as they prepare to enhance their existing TCFD work. Organisations must build the skills, capacities and tools to conduct their climate reporting.