Market Chatter: Overwhelming Majority of Hong Kong Companies implementing ESG

MT Newswires Live11-22 16:39

About 80% of companies in Hong Kong have established sustainable development committees to monitor the implementation of environmental, social, and governance principles, showing management's taking ESG seriously, The Standard reported Friday, citing a report co-compiled by Ernst & Young Global.

61% of companies include sustainability risks in their risk management plans. However, only 17% consider sustainability opportunities when assessing risks and planning business strategies, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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