ESG reporting: Hang Seng companies have transparency shortcomings
Retrieved on:
Thursday, December 15, 2022
Consultant, Hang Lung Properties, Hang Seng Bank, S&P Asia 50, GEM, Accountability, Health, Outline, Safety, Social, WEF, Sport, Fatality, Global Reporting Initiative, Face, HSBC, Hang Seng Index, GRI, World Economic Forum, HKEX, Henderson Land Development, Lexington Broadcast Services Company, ISO, Tencent, Data science, ESG, Lenovo, Property management, Renewable energy, Audit, Research, Environment
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.
Key Points:
- 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."