Environmental Social Governance (“ESG”) Reporting
In July 2015, the SEHK published the Consultation Paper on Review of the Environmental, Social and Governance Reporting Guide, which put forward a number of proposals to upgrade certain ESG disclosure obligations in the Guide from voluntary to “comply or explain”. These disclosure requirements have been incorporated into the Listing Rules as mandatory disclosure requirements for all companies listed on the SEHK, regardless of their place of incorporation. The resulting Listing Rules provision came into effect for financial years ending on or after 31 December 2015.
Main Board Listing Rule 13.91(4) / GEM Listing Rule 17.03(4) (extract)
(4) Issuers must publish their ESG reports on an annual basis and regarding the same period covered in their annual reports. An ESG report may be presented as information in the issuer’s annual report or in a separate report. Regardless of the format adopted, the ESG report must be published on the Exchange’s website and the issuer’s website.
Our team possess extensive experience and expertise in ESG reporting and risk management, which enables us to support you with a range of ESG services specifically tailored to your needs. We can help review your ESG reporting processes in the following areas:
- Assist in performing materiality assessment
- Advise on methods of reporting and disclosure mechanism
- Assist in setting up environmental target
- KPI data collection and compilation
- Communicate/respond to queries raised by professional parties, e.g. legal advisers/auditors
With our ESG reporting expertise gained from our engagements, we can benchmark your company’s reporting with the latest industry practices and make recommendations to enhance your reporting transparency.
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