If your company doesn’t understand, manage and communicate its sustainability performance then you’re almost certainly missing out on business opportunities and exposing yourself to risks that threaten the business over the long term. Thousands of companies around the world, including in Hong Kong, are set to start disclosing their sustainability impacts for the first time. Many are doing so in response to major international developments such as the Paris Climate agreement and the advent of the global 2030 Development Agenda and Sustainable Development Goals. Other businesses are starting their sustainability reporting journeys because of new local regulations, as we see in Hong Kong with HKEx’s ‘comply or explain’ approach to listed companies’ disclosure of ESG information.
Read the full article by Eric Hespenheide, Interim Chief Executive, Global Reporting Initiative