ESG reporting: Hang Seng companies have transparency shortcomings
With a rate of 97 percent, a generally high level of willingness exists among Hang Seng Index companies to base their non-financial reporting on a standard international framework.
- With a rate of 97 percent, a generally high level of willingness exists among Hang Seng Index companies to base their non-financial reporting on a standard international framework.
- However, Hang Seng companies are less likely to address socioeconomic or political conditions (75 percent and 54 percent respectively).
- The relevant topics of Environment, Social and Governance are covered by a majority of Hang Seng companies in their non-financial reports.
- "However, an enormous amount of work will be required for Hang Seng companies to ensure that their reports can contribute to sustainable change through transparency."