Criteria

The Hong Kong ESG Reporting Awards are committed to following the guiding principles which include Integrity, Objectivity, Impartiality, Transparency

An independent panel of judges with distinguished backgrounds will assess the entries to decide the winners. The judging panel is completely independent of the organisers to maintain the highest possible neutrality and objectivity. All submissions will be evaluated by the panel of judges following rigorous criteria.

Core Criteria

Strategy
  • ESG/Sustainability strategy
  • ESG/Sustainability incorporated into the business strategy
Governance
  • ESG governance structure
  • Leadership commitment on sustainability
Materiality and stakeholder engagement
  • Material topics clearly define
  • Processes of assessment reported
  • Focused reporting on the material aspects
  • Relevant stakeholder groups defined and means of engagement
  • Outcome of engagement and responses to key expectation of stakeholders
Content and data disclosure
  • Completeness, balance and coherence of narrative content
  • Examples of measures, practices, initiatives and results achieved
  • Level and quality of data disclosure
  • Go beyond the required disclosure level
  • Third party assurance
Performance targeting
  • SMART targets
  • Demonstrating progress in achieving them
Communication
  • Concise, easy to understand, message clearly articulated
  • Appropriate use of graphs, charts and infographics to assist the reading experience
  • Innovative approach in presentation
Transparency
  • Reporting on both “good news” and “bad news”
  • Transparent, honest account on the organization’s ESG performance including risks, shortcomings and non-compliance
  • Plans and solutions towards improvement

Specific Criteria

GRI Reporting
  • Adhere to all GRI requirements and principles
  • Focused reporting on the material topics
  • Comprehensive disclosure management approach on material topics, including its evaluation
Environmental
  • Complete assessment on environmental/climate risks and opportunities
  • Comprehensive disclosure and mitigation initiatives of environmental impact
  • Strategies, measurable targets and report on progress
  • Facilitating change within the organization and externally
Social

Demonstrate impacts and best practices on the company’s strategies and initiatives on the social aspects (as listed below). Information are be backed up with adoption of relevant standards, quantitative data and target-setting:

  • Employee engagement and workplace diversity
  • Risks management on occupational health and safety
  • Ethical and sustainable supply chain management
  • Strategic alignment of community investment to meet both social needs and business objectives
Innovative Front-runner

Demonstrating innovation and pioneer initiatives in sustainability reporting, including but not limited to:

  • Demonstrate efforts on aligning with SDGs
  • Adopt Integrated Reporting <IR> framework, or TCFD recommendations
  • Display efforts and results on transforming the organization’s value chain
  • Engaging in social investment