It has been found that since the 1992 Rio Earth Summit, the number of sustainability reporting requirements has increased more than 10 fold with now over 1000 reporting requirements introduced by various national bodies, allowing for greater transparency and easier access to quality non-financial information.
Starting from January 2017, listed companies in Hong Kong were required to disclose their environmental, social and governance (ESG) performance and policy on a basis of comply or explain. Companies are required to disclose their ESG performance through measurable key performance indicators such as targets and achievements, or explain why they have failed to comply.
Although ESG reporting in now increasingly common, investors and stakeholders are seeking for more accurate and comparable data for decision-making, thus the emergence of ESG rating will also provide more valuable information for understanding companies’ ESG risks and opportunities.
自2017年1月起，香港上市公司必須以「不遵守就解釋」的準則披露其環境，社會和治理（ESG）業績和政策。公司需要通過可衡量的關鍵績效指標（Key Performance Indicators，簡稱KPIs）披露其ESG績效，或解釋他們未能遵守的原因。