Several recent developments indicate a significant shift towards stricter climate reporting standards in various Asian countries. With mandatory climate reporting rules being introduced in Australia, Japan, Hong Kong, Malaysia, New Zealand, Philippines, and Singapore, firms in these nations are facing an urgent need to enhance capacity in sustainability reporting. The proposed 2025 and 2026 deadlines for climate disclosures by large firms in Malaysia have prompted the national advisory committee to consider capacity building programs. This underscores the escalating urgency for organizations to prepare for more rigorous sustainability reporting requirements. The impact of climate risks on companies is also highlighted, as few organizations remain immune to the evolving nature of climate risks, urging businesses to reconsider their strategic plans to adapt to these challenges.