The China Securities Regulatory Commission (CSRC) has announced plans to promote the use of third-party verification or assurance for ESG reports. On February 28, the CSRC published responses to proposals and suggestions from the third sessions of the 14th National People's Congress and the Chinese People's Political Consultative Conference. In its reply to a proposal concerning accelerating the resolution of issues in ESG information disclosure by Chinese listed companies, the CSRC stated that it will guide stock exchanges to continue summarizing best practices among listed companies. The commission will strengthen the dynamic evaluation of disclosure guidelines for listed companies' sustainability reports, aiming to enhance the applicability, effectiveness, and practicality of the rules. This effort is part of a broader initiative to improve the system for sustainability information disclosure by listed companies.

The CSRC emphasized encouraging listed companies to adopt third-party verification or assurance to improve the quality of information disclosure. The disclosure guidelines for sustainability reports specify requirements for the independence, experience, and qualifications of third-party institutions. They also standardize the disclosure of information related to the scope, basis, and key procedures of third-party verification or assurance reports. The CSRC further indicated that it will continue to monitor domestic and international developments in the theory, regulations, and practices concerning sustainability information assurance.