According to the announcement of Stock Exchange of Hong Kong, the enhanced ESG disclosure will be effective after 1 January 2025, mandating listed companies to provide comprehensive and in-depth climate-related disclosure. For example, list companies are required to provide information on the current and anticipated effects / changes of climate change on their business operations, including their business model, strategy and cash flows, applying the climate scenario analysis. For highlights related to the consultation paper, please refer to this page.
Assistance in Climate Scenario Analysis
Conducting climate scenario analysis not only allows companies to comply with the enhanced ESG disclosure standards, but also enables them to understand their strengths and weaknesses in terms of climate change. Companies can refer to the science-based analytical results to adjust and improve their policies, operation modes and sources of income to better adapt to upcoming climate change. However, meaningful climate scenario analysis is not a one-person task and thorough preparation is needed. Companies may need to construct a solid database with various recognised assumptions to predict future climate phenomena and their associated effects.
Professional Tools and Expertise
GreenCo is dedicated to helping clients navigate the climate scenario analysis journey. In specific, GreenCo helps clients identify their specific climate-related risks by analysing their business using our expertise and benchmarking against peer companies. Then, GreenCo defines the mandatory business activities and financial data for the analysis, allowing clients to coordinate internally and prepare the required information. Being the most critical step, GreenCo helps clients construct an analytical model, which incorporates different social-economic assumptions and their resulting carbon emissions, predicted climate change (e.g., temperature and rainfall change) and clients’ characteristics (e.g., geographical location and business nature). GreenCo strives to utilise our professional tools and expertise to help clients understand how climate change may affect them in the short-term, medium-term and long-term.
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.
