ISO 9001 Certified in ESG Reporting and Climate Policy Advisory
The new ESG requirements announced on 18 December 2019 as part of the HKEX’s consultation conclusions on review of the ESG reporting guide and related listing rules apply to HK-listed companies with financial years commencing on or after 1 July 2020.
On May 29, 2020, the People's Bank of China, the National Development and Reform Commission, and the China Securities Regulatory Commission solicited public opinions on the drafting of the "Catalogue of Green Bond Endorsed Projects (2020 Edition)". The new Catalogue is of paramount importance to the sustainable economic and social development, and industrial green transformation and upgrading.
In order to promote the development of green industries, the General Office of the National Development and Reform Commission recently issued the "Notice on Organising the Construction of Green Industry Demonstration Bases." The notice proposes that a group of industrial parks will be selected for the construction of green industry demonstration bases. It is aimed that, by 2025, the construction of green industry demonstration bases will make phased progress and cultivate a group of leading green industry enterprises.
The Hong Kong Exchanges and Clearing Limited announced that it plans to establish a sustainable and green exchange named "STAGE". It is described as Asia’s first sustainable financial information platform. It aims to establish a bond and exchange traded product (ETP) information database within the year, covering sustainability bonds, green bonds and social bonds listed on the Hong Kong Stock Exchange and other ESG-related ETPs.
As the world starts to recover from the coronavirus pandemic, there is no better opportunity than building a greener and more sustainable world. As an e-commerce giant, Amazon’s strategies and roadmap of sustainability shows important aspects for business and corporate to learn from.
The Chinese and UK governments, at the 9th UK–China Economic and Financial Dialogue held on 15 December 2017, agreed to strengthen green finance cooperation and encouraged financial institutions of the two countries to jointly pilot climate and environmental information disclosure. The pilot is a four-year initiative, including one year of preparation and three years of action. 2019 was the second year of the pilot. The following passage is going to show the progress and main goals of the pilot.
In the point of view of how the pandemic impacts climate, this passage is going to assess and recommend on how companies can apply ESG mindset to achieve sustainable development in the Post-COVID-19 world.
The huge slap of this COVID-19 epidemic on most enterprises made it hard for us to imagine how the aftermath and indirect impacts of the disaster will change the socio-economic structure and business development models. In the post-pandemic era, how to cumulate the experience from setbacks and use the brand new financial values and management system called‘ESG’to empower corporate sustainability development will be a new trend of global development.
With the increasing attention on the “informed market”, ESG information becomes more and more important to investors, who see an organised package of non-financial performance of companies as a powerful auxiliary tool-kit for analysis in making investment decisions. Providing sufficient ESG information not only informs investors in decision-making, but also allows them to gain confidence about the business development of a company in the long-term prospect.
On 18 December 2019, The Stock Exchange of Hong Kong Limited (the Exchange) published the conclusions to its consultation [...]
