Hong Kong exchange moves to ESG reporting
06 Sep 2012
The Stock Exchange of Hong Kong Limited has published its Consultation Conclusions on Environmental, Social and Governance Reporting Guide. The Exchange has decided to implement the guide as a 'recommended practice' with a view to moving to a "comply or explain" basis of ESG reporting by 2015.
The guide results from a consultation process begun in 2011, and will form an appendix to the existing Listing Rules for the exchange and will apply to issuers with financial years ending after 31 December 2012. Entities following the Guide will provide disclosures on workplace quality, environmental protection, operating practices and community involvement.
The exchange expects to undertake further consultation before moving to a 'comply or explain' basis of reporting.
Click for press release (link to HK Exchange website).
