{"id":3058,"date":"2018-11-10T09:00:55","date_gmt":"2018-11-10T01:00:55","guid":{"rendered":"https:\/\/alayaconsulting.com.hk\/?p=3058"},"modified":"2023-02-02T10:51:33","modified_gmt":"2023-02-02T10:51:33","slug":"alaya-consulting-survey-of-esg-reports-in-hong-kong-2018","status":"publish","type":"post","link":"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/","title":{"rendered":"Alaya Consulting Survey of ESG Reports in Hong Kong 2018"},"content":{"rendered":"<p><span style=\"font-size: 12pt;\">Reaching three years since the Hong Kong Stock Exchanges announced the \u201cComply or Explain\u201d provisions in December 2015, Alaya Consulting is presenting its third Survey of ESG Reports in Hong Kong, focusing on ESG reports of the largest (by market capitalization) 200 Hong Kong listed companies (T200). The survey aims to study the prevailing ESG reporting practices and identify any gaps for ongoing improvement.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"font-size: 12pt;\">Key Findings<\/span><\/strong><\/h2>\n<ul>\n<li><span style=\"font-size: 12pt;\">35% Board CEO involvement in ESG governance body<\/span><\/li>\n<li><span style=\"font-size: 12pt;\">37% Climate change risks recognized in annual\/ ESG report<\/span><\/li>\n<li><span style=\"font-size: 12pt;\">Environmental narratives lack of explanations and results achieved<\/span><\/li>\n<li><span style=\"font-size: 12pt;\">Disclosures on labour standards, human rights and conflict minerals remain weak<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alayaconsulting.com.hk\/wp-content\/uploads\/2019\/02\/graph.png\" alt=\"\" width=\"796\" height=\"646\" \/><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"font-size: 12pt;\">More and more GRI frameworks to be adopted<\/span><\/strong><\/h2>\n<p><span style=\"font-size: 12pt;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Almost 30% of the T200 companies were found to be using GRI Standards or GRI G4, on top of the HKEX ESG Reporting Guidelines. The Survey showed use of diverse reporting standards as companies listed in China are obliged to follow rules of their respective stock exchanges. With more adoptions of GRI and other frameworks, Alaya was positive that companies are increasingly becoming committed to higher transparency.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"font-size: 12pt;\">Board involvement \u2013 easier said than done<\/span><\/strong><\/h2>\n<p><span style=\"font-size: 12pt;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 An encouraging figure of over 50% of boards of companies were involved in sustainability governance. However, only 35% of the companies had a governance body specifically for ESG matters with board\/CEO involvement. To make ESG reporting more than a compliance exercise, Alaya states that setting up a board level ESG governance body to break down silos and create a company-wide cooperation mechanism.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong><span style=\"font-size: 12pt;\">Environmental disclosure needs more than just narratives<\/span><\/strong><\/h2>\n<p><span style=\"font-size: 12pt;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 You can\u2019t manage what you don\u2019t measure. The survey unveiled a noteworthy number of companies that have not stated any form of explanation, with 57% not offering reasons for non-disclosure. Most of the explanations stated that \u201cthe topic was not material to business nature\u201d or that \u201cmonitoring systems were still in development.\u201d Although narrative KPIs including description of resources conservation and emissions reduction measures demonstrate a high level of disclosure, more detailed measurements would be needed with narratives functioning as explanations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<blockquote>\n<p><strong>Click <a href=\"https:\/\/alayaconsulting.com.hk\/wp-content\/uploads\/2019\/11\/4-190503-2018-Research-Report_English.pdf\"><u>here<\/u><\/a> to download our full report<\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Reaching three years since the Hong Kong Stock Exchanges announced the \u201cComply or Explain\u201d provisions in December 2015, Alaya Consulting is presenting its third Survey of ESG Reports in Hong Kong, focusing on ESG reports of the largest (by market capitalization) 200 Hong Kong listed companies (T200). The survey aims to study the prevailing ESG [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3829,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,29],"tags":[],"class_list":["post-3058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alaya Consulting Survey of ESG Reports in Hong Kong 2018 - ESG Reporting and Carbon Advisory in Hong Kong<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alaya Consulting Survey of ESG Reports in Hong Kong 2018 - ESG Reporting and Carbon Advisory in Hong Kong\" \/>\n<meta property=\"og:description\" content=\"Reaching three years since the Hong Kong Stock Exchanges announced the \u201cComply or Explain\u201d provisions in December 2015, Alaya Consulting is presenting its third Survey of ESG Reports in Hong Kong, focusing on ESG reports of the largest (by market capitalization) 200 Hong Kong listed companies (T200). The survey aims to study the prevailing ESG [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Reporting and Carbon Advisory in Hong Kong\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-10T01:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-02T10:51:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/alayaconsulting.com.hk\/wp-content\/uploads\/2018\/11\/4-190503-2018-Research-Report_English-1_page-0001.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1754\" \/>\n\t<meta property=\"og:image:height\" content=\"1241\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"c2twsun\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"c2twsun\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\"},\"author\":{\"name\":\"c2twsun\",\"@id\":\"https:\/\/alayaconsulting.com.hk\/#\/schema\/person\/291d50dc5ab8845e9e92dfb981f2b73d\"},\"headline\":\"Alaya Consulting Survey of ESG Reports in Hong Kong 2018\",\"datePublished\":\"2018-11-10T01:00:55+00:00\",\"dateModified\":\"2023-02-02T10:51:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\"},\"wordCount\":353,\"image\":{\"@id\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/alayaconsulting.com.hk\/wp-content\/uploads\/2018\/11\/4-190503-2018-Research-Report_English-1_page-0001.jpg\",\"articleSection\":[\"Blog\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\",\"url\":\"https:\/\/alayaconsulting.com.hk\/alaya-consulting-survey-of-esg-reports-in-hong-kong-2018\/\",\"name\":\"Alaya Consulting Survey of ESG Reports in Hong Kong 2018 - 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