Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Environmental
• Social
• Climate Change
• Supply Chain ESG

Environmental Achievements

• Increased disclosure of greenhouse gas data (Scope 1 and 2), with 25% of sampled issuers also disclosing Scope 3 data.
• Improved disclosure of hazardous and non-hazardous waste data.

Social Achievements

• Significant increase in disclosure of KPIs related to employee training and development.
• Improved disclosure of information on policies regarding child and forced labor prevention.

Governance Achievements

• Increased disclosure of board oversight of ESG matters and ESG management strategies.
• Growing number of companies establishing ESG committees and working groups.

Climate Goals & Targets

Environmental Challenges

• Significant disparity in the disclosure of additional climate-related metrics, including Scope 3 emissions data and transition plans.
• Room for improvement in the disclosure of indicators related to governance structure and environmental targets.
• Disclosure ratios of KPIs such as supply chain risk identification and promotion of environmentally preferable products remain below 80%.

Mitigation Strategies

• Recommendations for companies to familiarize themselves with HKEX and ISSB guidelines, establish effective governance structures, and develop company-specific metrics and targets.
• Suggestions for companies to enhance the accuracy and completeness of environmental performance indicators, increase the disclosure ratio of quantitative targets, and regularly review progress against environmental targets.
• Recommendations to improve ESG management mechanisms in the supply chain, define management team structures, and formulate ESG risk identification and management processes.

Supply Chain Management

Responsible Procurement

• Practices for identifying environmental and social risks, promoting environmentally preferable products, and engaging suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, TCFD Framework, SSE guidelines, Chinese Corporate Social Responsibility Report Preparation Guide (CASS-CSR 4.0/CASS-ESG 5.0), SASB Standards, ISO 26000:2010, Methodologies of ESG rating agencies such as MSCI, Guidelines of Shenzhen Stock Exchange

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Data availability and quality
• Scope 3 greenhouse gas (GHG) emission disclosures
• Scenario analysis and anticipated financial effects

Mitigation Strategies

• Proportionality mechanisms introduced in the final ISSB Standards
• Ongoing capacity building and data and technology initiatives
• Development of free data tools
• Expansion of the Hong Kong Taxonomy for Sustainable Finance

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, IFRS S2 Climate-related Disclosures, Hong Kong Sustainability Disclosure Standards (HKFRS S1 and HKFRS S2)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed