{"id":787,"date":"2018-05-11T14:28:17","date_gmt":"2018-05-11T06:28:17","guid":{"rendered":"https:\/\/alayaconsulting.com.hk\/?p=787"},"modified":"2023-02-02T10:52:20","modified_gmt":"2023-02-02T10:52:20","slug":"hkex-releases-analysis-of-esg-practice-disclosure","status":"publish","type":"post","link":"https:\/\/alayaconsulting.com.hk\/hkex-releases-analysis-of-esg-practice-disclosure\/","title":{"rendered":"HKEX Releases Analysis of ESG Practice Disclosure"},"content":{"rendered":"<p>The Report analysed the disclosures made by 400 randomly selected issuers across industry sectors. Some key points are outlined below :<\/p>\n<table style=\"border-collapse: collapse; width: 100%; color: #595857;\" border=\"0\">\n<tbody>\n<tr style=\"font-weight: bold; color: #ee7800;\">\n<td style=\"width: 20px; padding: 10px 0;\"><em>1)<\/em><\/td>\n<td><em>Non-compliance<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"line-height: 1;\">Issuers did not give considered reasons for non-disclosure in relation to an Aspect. Non-compliance without giving considered reasons amounts to a breach of the Listing Rule.<\/td>\n<\/tr>\n<tr style=\"font-weight: bold; color: #ee7800;\">\n<td style=\"width: 20px; padding: 10px 0;\"><em>2)<\/em><\/td>\n<td><em>Information on compliance with Laws and Regulations<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"line-height: 1;\">Issuers should specify the relevant Laws and Regulations and ways in which the issuer has ensured compliance.<\/td>\n<\/tr>\n<tr style=\"font-weight: bold; color: #ee7800;\">\n<td style=\"width: 20px; padding: 10px 0;\"><em>3)<\/em><\/td>\n<td><em>Board involvement is essential<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"line-height: 1;\">All issuers should establish an ESG working group that reports to the board, with clear terms of reference.<\/td>\n<\/tr>\n<tr style=\"font-weight: bold; color: #ee7800;\">\n<td style=\"width: 20px; padding: 10px 0;\"><em>4)<\/em><\/td>\n<td><em>Reporting Principles should be applied with no exception<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td style=\"line-height: 1;\">For example, the Materiality principle entails detailed disclosure of the process of determining material topics.<br \/>\nIn our view, issuers are required to be more clear and specific in terms of :<\/p>\n<ol style=\"list-style-type: lower-alpha;\">\n<li style=\"margin: 15px auto;\">Listing out the laws and regulations that have a significant impact to the business<\/li>\n<li style=\"margin: 15px auto;\">Disclosing concrete initiatives to ensure compliance to the above laws and regulations, rather than just saying \u201cWe have complied with all relevant laws and regulations.\u201d<\/li>\n<li style=\"margin: 15px auto;\">Providing considered reasons for non-disclosure aspects<\/li>\n<\/ol>\n<p>Click <a href=\"https:\/\/www.hkex.com.hk\/-\/media\/HKEX-Market\/Listing\/Rules-and-Guidance\/Other-Resources\/Environmental-Social-and-Governance\/Exchange-Publications-on-ESG\/esgreport_2016_2017.pdf?la=en\" target=\"_blank\" rel=\"noopener\"><strong><em>here<\/em><\/strong><\/a> to read the full report.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Report analysed the disclosures made by 400 randomly selected issuers across industry sectors. Some key points are outlined below : 1) Non-compliance Issuers did not give considered reasons for non-disclosure in relation to an Aspect. Non-compliance without giving considered reasons amounts to a breach of the Listing Rule. 2) Information on compliance with Laws [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":808,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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>HKEX Releases Analysis of ESG Practice Disclosure - 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\/hkex-releases-analysis-of-esg-practice-disclosure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HKEX Releases Analysis of ESG Practice Disclosure - ESG Reporting and Carbon Advisory in Hong Kong\" \/>\n<meta property=\"og:description\" content=\"The Report analysed the disclosures made by 400 randomly selected issuers across industry sectors. Some key points are outlined below : 1) Non-compliance Issuers did not give considered reasons for non-disclosure in relation to an Aspect. 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