Carbon Matters: A Review of Listed Companies’ Carbon Disclosure and Performance in Hong Kong
The British Consulate-General Hong Kong commissioned Trucost to conduct a research on the carbon disclosure of companies listed on Hong Kong Stock Exchange (HKEx).
The report reveals that there has been a 27% increase in reporting by listed companies over a three year period. However, the disclosure level of 19% is low compared to the global average of 45%. Based on other studies, the benefits of carbon disclosure for companies outweigh the costs, with companies able to identify efficiency savings and meet investor demand for more robust data to inform investment decisions. The report recommends that listed companies should measure their greenhouse gas emissions, develop improvement strategy and disclose information in line with the Greenhouse Gas (GHG) Protocol. HKEx and regulators have an important role to play in promoting carbon disclosure and improving transparency among companies.
Read the report in full: Carbon Matters: A Review of Listed Companies’ Carbon Disclosure and Performance in Hong Kong