Indicating the support for the Hong Kong’s Climate Action Plan 2050, the Green and Sustainable Finance Cross-Agency Steering Group has announced that climate-related disclosures aligned with Task Force on Climate-Related Financial Disclosures (TCFD) recommendations will be mandatory no later than 2025. GreenCo recently supported one of its clients, a licensed bank in Hong Kong, to improve its methodology of materiality assessment and effectively identify material climate-related risks and opportunities along with their potential impacts in preparation for the latest ESG Report in alignment with TCFD recommendations.
GreenCo is glad to assist its clients to be well-prepared for the potential enhancements in reporting requirements, such as new standards, by staying aligned with the Stock Exchange of Hong Kong’s guidance in their latest reports. We believe identifying material ESG issues, thus making climate-related disclosures appropriately is vital to reducing carbon emissions and progress towards a carbon-neutral future.
About GreenCo
GreenCo is a professional ESG advisory firm accredited with ISO 9001 in ESG Reporting and Climate Policy Advisory Services. We are members of sustainability associations such as GRI Community and Business Environment Council for years, and our professional consulting group is committed to designing and producing tailor-made ESG advisory services.
GreenCo has a professional team consists of talents with multiple backgrounds including ESG investment, environmental management, environmental chemistry, earth system science and environmental impact assessment. We have been investing abundant amount of resources in establishing digitalized ESG solutions, developing ESG data base as well as setting up our internal quality management system thereby showing our commitment in striving for continuous improvement. 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.