Preparation for ESG disclosure in compliance with HKEX, GRI, PRI, TCFD and ISSB

In view of the focus shift towards sustainability and climate change, ESG disclosure has been gaining traction in recent years, with more and more guidelines, standards and regulations published. Companies are highly encouraged to disclose their ESG performance to meet stakeholders’ increasing expectations and prepared for stricter regulation on ESG disclosure in the near future. Mandatory ESG reporting for listed companies is already mandatory in some places, including Hong Kong and Singapore.

Our experienced team can guide you through the ESG reporting journey in accordance with recognised frameworks, including the Hong Kong Exchange (HKEx) ESG Reporting Guideline (Appendix 20 for GEM and Appendix 27 for the Main Board), the Global Reporting Initiative (GRI) Standards, Principle for Responsible Investment (PRI), Task Force on Climate-Related Financial Disclosures (TCFD) recommendation, and International Sustainability Standards Board (ISSB) Standards, etc.

No matter you are new to ESG reporting or an experienced player, GreenCo strives to provide outstanding and professional advisory / consultancy services to enhance your ESG disclosure and performance. We customise the following services based on your reporting readiness to cater to your needs.

Testimonials and Clients’ Recognition

GreenCo’s team possess good technical knowledge and project management skills. They deliver top quality work well within tight timeframe. They also have great communication with clients.

Sustainability Director, a famous Gaming company in Macau

GreenCo’s team is helpful and always provides prompt responses. They have demonstrated professionalism in sharing valuable insight in ESG development.

Corporate Communications Director, a well-known chain Food and Beverage company in Hong Kong

We appreciate the competence and professionalism GreenCo’s team demonstrated during the preparation and delivery of the workshop and the analysis.

Group HR and Communications Director, a well-established chemical manufacturing company originated from China

POLICY ESTABLISHMENT & DEVELOPMENT

We assist you in setting corporate sustainability policies and developing an effective management system that controls and mitigates ESG risks. We also analyse your current ESG performance to compare your ESG practices against peers and industry-leading practices.

ESG TARGET SETTING

We utilise professional tools with scenario analysis and scientific theory to identify your room for improvement, thus facilitating meaningful and feasible target setting. We provide specific, measurable, attainable, relevant and time-bounded ESG targets to boost continuous improvement. In addition, we can align your goals to Sustainable Development Goals (SDGs), so that you can demonstrate your commitment in an international language.

STAKEHOLDER ENGAGEMENT

We conduct materiality assessments by engaging important stakeholders of your company. We help you to identify stakeholders of high importance, gather their expectations on various ESG issues and optimise your corporate approach accordingly.

ESG REPORTING AND DISCLOSURE

We prepare ESG reports that comply with national / international framworks, including HKEx, GRI, PRI, TCFD, ISSB, etc. To ensure the quality and compliance of the report, we provide guidance on data collection and apply calculation tools to quantify your ESG performance.

We can also assist you in getting prepared for the tightened disclosure requirements under the consultation paper on the enhancement of climate disclosure released by the Exchange in Hong Kong and Singapore.

CARBON AUDIT AND MANAGEMENT

We categorise your carbon emissions (Scope 1, Scope 2 and Scope 3) according to Greenhouse Gas Protocol to provide you with a complete and clear picture of your carbon footprints. We also offer carbon audit services to assure the accuracy of your carbon calculations.

SUSTAINABILITY MANAGEMENT SYSTEM

We assist you in developing a sustainability management system to evaluate, identify and manage ESG risks effectively while capturing opportunities. We strive to guide you to improve sustainability, for instance, optimising resource usage, reducing emissions and conducting business with ethics.

EMPLOYEE MANAGEMENT, SUPPLY CHAIN IMPROVEMENT AND RISK MANAGEMENT

We develop tailored internal management practices and policies for you to regulate your employment practices, products and suppliers with reference to the relevant regulations and peer companies’ practices, with an aim to enhance your overall risk management and comply with ESG disclosure requirements.

EFFECTIVE COMMUNICATION WITH INSTITUTIONAL INVESTORS

We have good connection with institutional investors, thus can help you deal with institutional investors on ESG enquiry when necessary.

Stakeholder Engagement in a Closer Look

Companies need to remain relevant to survive in a challenging business environment and to be relevant requires regular interaction with important stakeholder groups. A robust stakeholder engagement model is vital for companies to be able to understand and respond to legitimate stakeholder concerns. Business leaders and managers will normally be able to list their key stakeholders and concerns, but not furnish the structure and process of engagement as easily.

  • Define the scope of the policy. The background, logic and aim of the policy should be included to set the scene for the policy

  • Define the ownership and decision-making process

  • Define the governance process such as internal or external review

  • Develop an engagement action plan, including method and frequency
  • Develop post stakeholder engagement action plan
  • Facilitate the stakeholder engagement process
  • Identify the legitimate concerns and interest of key stakeholders by materiality matrix

  • Design a process for dealing with conflicts between stakeholder concerns. Matters of interest and concerns can typically be grouped into the following categories:

economic/financial (profitability, cash flow, dividend policy, pricing, growth rate, exchange control); environment (carbon footprint, water, waste management, recycling, compliance) and social (health and safety, skills retention, ethics, transformation, training).

  • Define a mechanism to feed stakeholder concerns into strategic planning to ensure alignment. Stakeholder engagement results or insights are valuable that should be well organized and be presented to the management.
  • Provide feedback to stakeholder groups.
  • Prepare an integrated report of stakeholder engagement in ESG report, incorporating relevant aspects of the policy and process. The Integrated Report should be addressed to key stakeholders.

We help you engage the stakeholders, conduct materiality assessment, review the sustainability status and conclude their expectation on environmental issues and social development of the enterprise in order to help you make modification accordingly and gain long-term profits.

Stakeholders Influence on Organization and Organization Impact on Stakeholders Matter!

Misunderstanding of stakeholder engagement

Usually a company takes the stakeholder engagement as part of the activities of public relations or communications. When a company comes to map stakeholders, they focus only to those they know well or to those who speak loudest, not mentioning the difficulties they are facing when transforming the gathered information into business intelligence.

Proper ESG Reporting and Disclosure

We provide guidance on ESG-related data collection, identify ways of improvement on data reporting, advise on the development of reporting framework, assist in drafting the content of ESG report in compliance with HKEX ESG Reporting Guide and with reference to the GRI Sustainability Reporting Guidelines to ensure that the expectations of stakeholders are addressed.