Updated Reporting Standard – GRI 306: WASTE 2020
GRI announced the launch of GRI 306: Waste 2020, the first globally applicable tool for organisations to report and communicate on their waste impacts. GRI 306: Waste 2020 reflects global best practices on waste management and will be effective for reports and other materials published on or after 1 January 2022.
China-UK financial institutions released climate and environment disclosure pilot 2019 progress report
The Chinese and UK governments, at the 9th UK–China Economic and Financial Dialogue held on 15 December 2017, agreed to strengthen green finance cooperation and encouraged financial institutions of the two countries to jointly pilot climate and environmental information disclosure. The pilot is a four-year initiative, including one year of preparation and three years of action. 2019 was the second year of the pilot. The following passage is going to show the progress and main goals of the pilot.
Climate Change and ESG Development
In the point of view of how the pandemic impacts climate, this passage is going to assess and recommend on how companies can apply ESG mindset to achieve sustainable development in the Post-COVID-19 world.
A Culture of Health for Business (COH4B)
With increasing awareness of social and population health impacts private sectors have, Robert Wood Johnson Foundation (RWJF) and the Global Reporting Initiative (GRI) have been working on a project named Culture of Health for Business (COH4B), aiming to push the companies to think differently on how they can affect the population health and society, through exploring business practices that have discrete health and business impacts.
What is the future of ESG after the pandemic?
The huge slap of this COVID-19 epidemic on most enterprises made it hard for us to imagine how the aftermath and indirect impacts of the disaster will change the socio-economic structure and business development models. In the post-pandemic era, how to cumulate the experience from setbacks and use the brand new financial values and management system called‘ESG’to empower corporate sustainability development will be a new trend of global development.
Why should companies be training about ESG?
With the increasing attention on the “informed market”, ESG information becomes more and more important to investors, who see an organised package of non-financial performance of companies as a powerful auxiliary tool-kit for analysis in making investment decisions. Providing sufficient ESG information not only informs investors in decision-making, but also allows them to gain confidence about the business development of a company in the long-term prospect.
How to take advantage of GRI Standards to facilitate the disclosire under TCFD recommendations?
Business and climate change have mutual impacts on each other. Business influences climate change with climate-related reporting today laying more emphasis on different business models’ carbon footprint while climate change does sway business models to some extent with the reporting promoted by Task Force on Climate-related financial disclosures (TCFD) focusing on financial implications of climate change on business models.
Content Development
Content development is the stage of transformation where all the materials and data being collected turn into the actual report that is being presented. It is, however, more than just a “writing-up”, but an on-going process of narrative development [...]
Building report content: data collection
Data collection is a very time-consuming activity and requires collaborative efforts. It should be a customised and unique process for the organisation and therefore remains a fairly flexible element in the sustainability reporting process. Therefore, there is no strict [...]
Interpretation of the ESG Consultation Conclusion of HKEx
On 18 December 2019, The Stock Exchange of Hong Kong Limited (the Exchange) published the conclusions to its consultation on the ‘Review of the Environmental, Social and Governance (ESG) Reporting Guide (ESG Guide) and Related Listing Rules’ (ESG Consultation [...]
Define report content: materiality analysis
According to the GRI standards, the sustainability report shall cover topics that: Reflect the reporting organisation’s significant economic, environmental, and social impacts; or Substantively influence the assessments and decisions of stakeholders. Materiality assessment helps the reporting entity to identify [...]
GRI report content: stakeholder engagement
Stakeholder engagement, as a method to obtain stakeholder’s opinions and focus areas, is an essential part of preparing the sustainability report under the GRI framework, which could assist companies to establish the sustainability strategies that suit own development models [...]
What is GRI standard and why should we use GRI standard as a framework for the preparation of ESG reports?
GRI standards provide companies with a flexible and future-proof reporting structure, that is, the forward-looking and rigorous approach advocated by GRI ensures its process and topics can always remain up-to-date and relevant.
Notes on the Insightful Guidance from CASS-CSR4.0 (Part 2)
It has been widely recognised that the healthy ESG development, in particular the proliferation of effective ESG reporting among enterprises, is inextricably wrapped up with the value that a quality report can bring about to the stakeholders and of [...]
Notes on the Insightful Guidance from CASS-CSR4.0 (Part 1)
With a long history of trade, rapid urbanisation, dramatic economic growth, transformative social upheaval, earthshaking alteration of people's perceived value, and certainly the implementation of the Belt and Road Initiative and development of green finance framework, China has an [...]
Will the Consultation Paper of the ESG Reporting Guide be implemented successfully?
The Hong Kong Exchangs (HKEx) published a consultation paper of the ESG Reporting Guide in May 2019, mandating all listed companies to strengthen their disclosure of relevant ESG topics further. The public opinions towards such proposed update are widely divergent, among which some large enterprises even oppose the stricter and more transparent information disclosure of corporate environmental, social and governance performance.
Updated Reporting Standard – GRI 306: WASTE 2020
GRI announced the launch of GRI 306: Waste 2020, the first globally applicable tool for organisations to report and communicate on their waste impacts. GRI 306: Waste 2020 reflects global best practices on waste management and will be effective for reports and other materials published on or after 1 January 2022.
China-UK financial institutions released climate and environment disclosure pilot 2019 progress report
The Chinese and UK governments, at the 9th UK–China Economic and Financial Dialogue held on 15 December 2017, agreed to strengthen green finance cooperation and encouraged financial institutions of the two countries to jointly pilot climate and environmental information disclosure. The pilot is a four-year initiative, including one year of preparation and three years of action. 2019 was the second year of the pilot. The following passage is going to show the progress and main goals of the pilot.
Climate Change and ESG Development
In the point of view of how the pandemic impacts climate, this passage is going to assess and recommend on how companies can apply ESG mindset to achieve sustainable development in the Post-COVID-19 world.
A Culture of Health for Business (COH4B)
With increasing awareness of social and population health impacts private sectors have, Robert Wood Johnson Foundation (RWJF) and the Global Reporting Initiative (GRI) have been working on a project named Culture of Health for Business (COH4B), aiming to push the companies to think differently on how they can affect the population health and society, through exploring business practices that have discrete health and business impacts.
What is the future of ESG after the pandemic?
The huge slap of this COVID-19 epidemic on most enterprises made it hard for us to imagine how the aftermath and indirect impacts of the disaster will change the socio-economic structure and business development models. In the post-pandemic era, how to cumulate the experience from setbacks and use the brand new financial values and management system called‘ESG’to empower corporate sustainability development will be a new trend of global development.
Why should companies be training about ESG?
With the increasing attention on the “informed market”, ESG information becomes more and more important to investors, who see an organised package of non-financial performance of companies as a powerful auxiliary tool-kit for analysis in making investment decisions. Providing sufficient ESG information not only informs investors in decision-making, but also allows them to gain confidence about the business development of a company in the long-term prospect.
How to take advantage of GRI Standards to facilitate the disclosire under TCFD recommendations?
Business and climate change have mutual impacts on each other. Business influences climate change with climate-related reporting today laying more emphasis on different business models’ carbon footprint while climate change does sway business models to some extent with the reporting promoted by Task Force on Climate-related financial disclosures (TCFD) focusing on financial implications of climate change on business models.
Content Development
Content development is the stage of transformation where all the materials and data being collected turn into the actual report that is being presented. It is, however, more than just a “writing-up”, but an on-going process of narrative development [...]
Building report content: data collection
Data collection is a very time-consuming activity and requires collaborative efforts. It should be a customised and unique process for the organisation and therefore remains a fairly flexible element in the sustainability reporting process. Therefore, there is no strict [...]
Interpretation of the ESG Consultation Conclusion of HKEx
On 18 December 2019, The Stock Exchange of Hong Kong Limited (the Exchange) published the conclusions to its consultation on the ‘Review of the Environmental, Social and Governance (ESG) Reporting Guide (ESG Guide) and Related Listing Rules’ (ESG Consultation [...]
Define report content: materiality analysis
According to the GRI standards, the sustainability report shall cover topics that: Reflect the reporting organisation’s significant economic, environmental, and social impacts; or Substantively influence the assessments and decisions of stakeholders. Materiality assessment helps the reporting entity to identify [...]
GRI report content: stakeholder engagement
Stakeholder engagement, as a method to obtain stakeholder’s opinions and focus areas, is an essential part of preparing the sustainability report under the GRI framework, which could assist companies to establish the sustainability strategies that suit own development models [...]
What is GRI standard and why should we use GRI standard as a framework for the preparation of ESG reports?
GRI standards provide companies with a flexible and future-proof reporting structure, that is, the forward-looking and rigorous approach advocated by GRI ensures its process and topics can always remain up-to-date and relevant.
Notes on the Insightful Guidance from CASS-CSR4.0 (Part 2)
It has been widely recognised that the healthy ESG development, in particular the proliferation of effective ESG reporting among enterprises, is inextricably wrapped up with the value that a quality report can bring about to the stakeholders and of [...]
Notes on the Insightful Guidance from CASS-CSR4.0 (Part 1)
With a long history of trade, rapid urbanisation, dramatic economic growth, transformative social upheaval, earthshaking alteration of people's perceived value, and certainly the implementation of the Belt and Road Initiative and development of green finance framework, China has an [...]
Will the Consultation Paper of the ESG Reporting Guide be implemented successfully?
The Hong Kong Exchangs (HKEx) published a consultation paper of the ESG Reporting Guide in May 2019, mandating all listed companies to strengthen their disclosure of relevant ESG topics further. The public opinions towards such proposed update are widely divergent, among which some large enterprises even oppose the stricter and more transparent information disclosure of corporate environmental, social and governance performance.