【Top 10 CSR Events in China】No.10 SEHK Releases the Review of Environmental, Social and Governance Reporting Guide

Since 2006, China WTO Tribune has set up annual columns of the top 10 CSR events in the past year of both China and the world.  China WTO Tribune presents you the Top 10 CSR Events in China. The Top 10 International CSR Events will be released in the next issue. 

  

No. 10  SEHK Releases the Review of Environmental, Social and Governance Reporting Guide

On Dec. 21, the Stock Exchange of Hong Kong Limited (SEHK) released the review of Environmental, Social and Governance Reporting Guide (abbreviated as ESG Reporting Guide). The document upgrades the recommended disclosures of the ESG Guide to “comply or explain” and poses higher requirements for social responsibility information disclosure and management for listed companies in Hong Kong.
Reasons for Selection:
ESG Reporting Guide by SEHK is the biggest highlight in social responsibility information disclosure in 2015. The indication lies in three aspects: on the one hand, it makes mandatory requirements for information disclosure through rigid standard, which is conducive to regulating and promoting development of social responsibility issues, including investment, gender diversity, etc.; on the other hand, it provides social responsibility practitioners with opportunities to promote management through information disclosure. In addition, it provides references for stock exchanges to develop sustainability themselves. 
Related Events:
On Dec. 3, the 8^th International Conference on CSR Reporting in China was convened to share and exchange the new trends and regulations of CSR reporting.
On Dec. 17, 2014 Shanghai Civilized Working Unit Social Responsibility Development Report was released. According to the report, over 3,600 civilized working units in Shanghai have completed the compilation and submission of their 2014 social responsibility report. It is for the first time that all civilized working units have submitted their social responsibility report.