Hong Kong Stock Exchange helps Mainland ESG to integrate internationally
As a bridge between the mainland and the world, Hong Kong has the ability to help mainland ESG to integrate with the international stock market.
Measuring Stakeholder Capitalism
International Business Council (IBC), in collaboration with the Big Four Accounting Firms, have been exploring a set of universal, material ESG metrics and recommended disclosures that could be reflected in the mainstream annual reports of companies on a consistent basis across industry sectors and countries.
Scale for Good: How is McDonald’s a role model for peers?
As a world-renowned fast-food chain, McDonald’s restaurant and value chain covers almost every corner of the world. Therefore, no matter positive or negative, its every move is going to have great influence on the world.
Essentials for Setting Science-based Targets in the Transition Towards A Low-carbon Economy
Science-based targets initiative (SBTi) offers a plethora of advantages over incremental GHG reduction targets for businesses and importantly, assists companies to identify and promote innovative approaches to setting ambitious and meaningful corporate GHG reduction targets consistent with the best available climate science.
New Zealand Makes Climate Reporting Compulsory
New Zealand has become the first country in the world to make climate risk reporting mandatory for banks, asset managers and insurers.
Greater Bay Area Green Finance Alliance Officially Launched
The Hong Kong Green Finance Association (“HKGFA”) announced the official launch of the Guangdong-Hong Kong-Macau Greater Bay Area Green Finance Alliance (“GBA-GFA”) at the inaugural launch ceremony on 4 September. The Alliance aims to facilitate the greening of the Greater Bay Area.
Frequently asked questions new ESG reporting requirements
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.
The People’s Bank of China and other two ministries solicit public opinions on the “Catalogue of Green Bond Endorsed Projects”
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.
Notice of the General Office of the National Development and Reform Commission on organising the construction of green industry demonstration bases
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.
HKEX opens a new exchange “STAGE” to build a database of sustainable and green financial products
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.