Hong Kong companies ‘failing to integrate ESG’ into policies and planning
Report warns that a majority of Hong Kong companies still regard ESG as an “ancillary” subject and not a “key concern in actual company business”.
Image: Sean Pavone/Shutterstock
Hong Kong markets often draw the eye of global observers, but this time it's for the wrong reasons. A report says that companies in the territory have yet to integrate environmental, social and governance (ESG) considerations into their policies, while many lack the expertise to do so. The news could form another blow to Hong Kong markets as the jurisdiction attempts to recover from its recent political crisis.
The report says that only 37% of Hong Kong listed companies have integrated ESG issues “into their strategic planning”. It adds that a majority of companies still regard ESG as an “ancillary” subject and did not consider it
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