Hong Kong Exchanges and Clearing Limited (HKEx) launched a document entitled Consultation Paper on Review of the Environmental, Social and Governance Reporting Guide (Consultation Paper) . This Consultation Paper aims to urge the issuers in Hong Kong disclosing environmental, social and governance (ESG) information, upgrade some of the recommended disclosures to “comply or explain”, and encourage a more standardised format of ESG disclosure. The consultation lasts until 18 September 2015.
Civic Exchange acknowledges and commends HKEx’s effort in consulting the issuers and other key stakeholders on the disclosure of ESG performance. The first consultation document Consultation Paper on Environmental, Social and Governance Reporting Guide was launched in December 2011. After consolidating the issuers’ comments, Consultation Conclusions on Environmental, Social and Governance Reporting Guide was published in August 2012. Since then, the issuers were encouraged to start working on ESG reporting.
Civic Exchange also acknowledges and commends HKEx’s effort in providing substantial amount of training to the issuers to disclose their ESG performance, which is voluntary in the current ESG Reporting Guide (the Guide).