Hong Kong’s Role in Mending the Disclosure Gap

Civic Exchange and Institute of Public and Environmental Affairs (IPE) co-authored the current report to illustrate examples of water violations by HK-listed companies and suggest better environmental disclosure requirements from the Hong Kong Exchanges and Clearing Limited.

Since 2006, the Institute of Public and Environmental Affairs (IPE), a Beijing-based nongovernment organization, has operated the China Water and Air Pollution Database.

This web-based resource is the first of its kind in China to publish air and water quality data and feature a government-sourced list of companies cited for environmental violations in the mainland. By March 2010, IPE has uploaded more than 58,000 records of monitoring and enforcement from official mainland sources to its water and air pollution databases.

Sponsored by Civic Exchange and ADM Capital Foundation, The Asia Water Project (AWP) has launched an unique collaborative research and the AWP China website, an information portal designed to provide business and investors with relevant information about China’s growing water crisis.

Ma Jun, Director of the Institute of Public and Environmental Affairs (Beijing), was invited to Hong Kong on 31 March 2010 to discuss the trend of better environmental disclosure in China and its impact on companies, including those listed on the Hong Kong Exchanges and Clearing Limited. He will also propose a positive role that Hong Kong can play.

Press release: IPE and Civic Exchange urge HKEx to require more disclosure from publicly listed companies caught polluting in mainland China

Media publicity
Sinopec, Tsingtao, Datang Named for China Environmental Abuses
Bloomberg News (31 March, 2010)
Business Week (31 March, 2010)
HK-listed firms ‘should disclose China pollution violations’ 
France 24 (31 March, 2010)
Science News (9 April, 2010)
Call for HKEx pollution disclosure rules
RTHK News – Newswrap (18:02 – 31 March, 2010)
RTHK News – HK Today (13:55 – 1 April, 2010)
Brewer Tsingtao rejects pollution report as ‘outdated’ – Source: AFP
New Strait Times (1 April, 2010)
Yahoo News (1 April, 2010)
175 HKEx-listed companies with water violation records – Source: 21cbh.com (Chinese only)
港交所175家企業環境違規錄 – Source: 21世紀網本文網址
21cbh.com (2 April, 2010)
JRJ.com (3 April, 2010)
sohu.com (6 April, 2010)
Environmental information disclosure of listed companies to strengthen the security system (Chinese only)
China Economic Times (8 April, 2010)
China’s listed polluters made public
Asia Times (17 April, 2010)