It is not hard to see organizations taking International days as one of the topics for communications on social media with their audience. International Women’s Day, World Environmental Day, World Oceans Day are just a few of the examples. When we are looking into the meaning of these International days, they are addressing the area of ESG – Environmental, Social, and Governance.
ESG is said to be an issue that countries must concern about. United Nations’ Paris Agreement, Sustainable Development Goals set out to urge countries to action and to put effort into raising awareness. For traditional businesses, it is time to rethink their business and management approach; for listed companies, green financing and listing rules would be the points for them to repurpose their strategies. For Start-ups, ESG is a business opportunity.
The year 2021 has arrived. Reviewing the past, the year 2020 in Hong Kong is challenging, politically, socially, and economically. Still, the Year 2020 is the Hong Kong Exchange’s 20th Anniversary—Hong Kong’s ESG reporting reaches another milestone this year. After July 1st, 2020, the ESG Guide and related Listing Rules will be enhanced, with some changes being introduced. Two key differences are the amendment of the “Environmental” key performance indicators (KPIs) to require disclosure of relevant targets and the disclosure obligation of all “Social” KPIs to “comply or explain”.
What does it mean? Companies are now required to set the aims of their actions relating to the environmental aspect. “Comply or explain” rules the governance of the companies to address the social issues. Such rules upgrade directs the companies to necessarily care about ESG matter. At operation level, ESG data has to be authentically and recorded and provided for reporting, to communicate with the Investors about how the companies are doing.
This underlies a business opportunity – ESG data will be stored and reported in a digital format, available for upload and download. This gives rise to an ESG Dashboard – to incorporate the ESG integration and help the listed companies to identify potential process across all ESG activities that can result in long-term value creation. Start-ups become part of the ESG development in igniting the technological change of organizations and societies to empower businesses and individuals to create sustainable positive change. ESG Dashboard is developed to assist listed companies with ESG reporting and risk management.
ESG Dashboard streamlines the collection of relevant data and information from the issuer’s business operations, enabling listed companies to monitor their ESG reporting progress. ESG Dashboard converts mass data into presentable environmental and social data which helps with the fulfillment of the requirements. All of these features make ESG Dashboard the indispensable ESG reporting tool.
What do we see for the future after all? Technology improves communication, accelerates the pace of green finance and ESG development, to boost sustainability for business and society as a whole.
By: ANewR Consulting Limited, a digital environmental consultant headquartered in Hong Kong since 2008. Our expertise has grown into the context of air and water qualities, noise, green building, waste management, and remediation. With extensive know-how in environmental planning and assessment, feasibility study and policy review, ecological design, monitoring, and audit (EM&A), ANewR has matured to be a leading management consultancy. Standing in the digital transformation reign, ANewR has participated in various environmental digital projects – interactive 3D visualisation, immersive automation virtual environment, Virtual reality, automation system, and monitoring platforms.
(Website: https://anewr.com, LinkedIn: ANewR Consulting Group, YouTube: https://www.youtube.com/channel/UCnpvmxnR9hbNxytSfBdfV8Q/videos)