On 21 December 2015, Hong Kong Exchanges and Clearing Limited (HKEx) published its new requirements in the Consultation Conclusions on the Review of the Environmental, Social and Governance (ESG) Reporting Guide (the “Consultation Conclusions”). All companies listed on the Hong Kong Exchange will be affected. The new requirements will apply to financial years commencing on or after 1 January 2016.

All listed companies must state in its annual report or a separate ESG report whether it has complied with the “comply or explain” provisions set out in the ESG Guide for the relevant financial year; where the issuer deviates from the “comply or explain” provisions, it must give considered reasons for doing so in its ESG report; and the issuer must disclose its ESG information on an annual basis and regarding the same period covered in its annual report.

There are a total of 3 aspects/ 12 KPIs and 8 aspects/ 20 KPIs under the two respective subject areas for ESG reporting- Environmental and Social.

While General Disclosures are required to “comply or explain” for financial years commencing on or after 1 January 2016, the Environmental KPIs are required to “comply or explain” whereas the social KPIs are “recommended” for financial years commencing on or after 1 January 2017.

This seminar aims to brief the reporting requirements and highlight the potential contribution from engineers.

Speaker

Ir Coleman Ng, Director of Business Reporting and Sustainability, KPMG

Registration & Enquiries

Please register via Environmental Division’s website (http://ev.hkie.org.hk). The number of participants is limited to 80 (first-come-first-served).  Attendance certificate will be available.