ESG Targets
In December 2019, the Hong Kong Stock Exchange has issued its consultation conclusions on proposals to enhance the Environmental, Social and Governance (“ESG”) Reporting Guide and related Listing Rules. Under the new ESG Reporting requirements, which have already been applying to the listed firms for financial years commencing on or after 1 July 2020, what may trip up most issuers in meeting the requirements is the challenge of setting and revealing its development targets concerning sustainability as the latest listing rules expressly require the disclosure of targets for KPIs A1.5 (emission targets), A1.6 (reduction targets), A2.3 (energy use efficiency targets) and A2.4 (water efficiency targets) on a “comply or explain” basis in the ESG Reporting Guide.
Through professional tools and based on the latest theories including climate science, GreenCo Sustainability Team helps you set appropriate targets in emissions reduction, waste management, energy efficiency, water stewardship and other sustainability-related aspects with “SMART” approach:
About GreenCo
GreenCo is a professional ESG advisory firm accredited with ISO 9001 in ESG Reporting and Climate Policy Advisory Services. Established in 2016, we were born to tackle ESG and climate risk management challenges. GreenCo has a professional team consists of talents with multiple backgrounds with
- PhD
- Practitioner Member of the Institute of Environmental Management and Assessment (IEMA)
- CFA (the CFA Institute) and Certificate in ESG Investing
- EFFAS Certified ESG Analyst (CESGA)
- Completion of Certified GRI Training Programme
- Certified Public Accountant (for assurance in accordance with ISAE 3000)
- Member of Global Association of Risk Professionals
- Master’s degree in envirnomental science
GreenCo has solid track record in ESG advisory for over 60 listed companies in Hong Kong, Mainland China, Singapore and Korea, covering all industries under the Hang Seng Industry Classification System.