ESG Reporting & Consulting
OCF has been assisting listed companies in preparing customized ESG Reports, demonstrating compliance with the listing rules and building confidence and communication with different stakeholders.
ESG Governance
Integrating material ESG issues into a company’s strategy can contribute to better risk management, leading to long-term resilience and sustainability of the business. Strong board oversight and management of ESG issues boosts investors’ confidence in the company and improve the company’s access to capital.
OCF assists our clients in disclosing their ESG governance, including the board’s oversight of ESG issues, its ESG management approach and strategy, and how the board reviews progress against ESG-related goals and targets.
OCF provides guidance and consultancy on setting up the ESG committee, defines the committee’s roles and responsibilities, and advises the board on integrating material ESG issues into the issuer’s corporate strategy and risk management processes.
Materiality assessment
Materiality is the threshold at which ESG issues determined by the board are sufficiently important to investors and other stakeholders that they should be reported.
A comprehensive description of a company’s processes for identifying and assessing material ESG risks demonstrates the legitimacy and genuineness of the company’s efforts in addressing investors’ concerns with ESG issues.
OCF assists our clients to outline the process and criteria adopted to identify material ESG issues, and the process and results of stakeholder engagement conducted.
Climate Change and TCFD
The Exchange’s ESG reporting requirements have incorporated certain key recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Meanwhile, Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group has announced plans for mandatory TCFD-aligned climate-related disclosures by 2025.
Task Force on Climate-Related Financial Disclosures (TCFD)
In 2017, the TCFD released its recommendations on climate-related financial disclosures. These recommendations are structured around four thematic areas that represent core elements of how companies operate:
- Governance – the company’s governance around climate-related risks and opportunities
- Strategy – the actual and potential impacts of climate-related risks and opportunities on the company’s businesses, strategy, and financial planning where such information is material
- Risk Management – how the company identifies, assesses, and manages climate-related risks
- Metrics and Targets – the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material
OCF will help companies assess their response to risks arising from climate change. OCF provides practical tips and step-by-step guidance to assist our clients in preparing TCFD-aligned climate change reporting.
Greenhouse Gas Emissions
Listed companies are required to disclose the KPI concerned with the global warming effect of greenhouse gas emissions according to the listing rules. This KPI will be most relevant with high energy use and those involved in industrial processes such as manufacture of cement, glass, chemicals, etc.
OCF assists our clients to identify operational activities that give rise to GHG emissions.
GHG emissions can be classified into three scopes:
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Scope 1
Direct emissions from operations that are owned or controlled by the client
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Scope 2
“Energy indirect” emissions resulting from the generation of purchased or acquired electricity, heating, cooling and steam consumed within the company; and
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Scope 3 (Optional Disclosure)
All other indirect emissions that occur outside the company, including both upstream and downstream emissions.
ESG Reporting Package
OCF provides flexible packages, with every tier upgrade so that you can enjoy different level of privileges. We can customize solution tailored to our clients’ needs.
PACKAGES
GREEN
SILVER
GOLD
Compliance to regulatory requirements
Data & Policy collection template / questionnaire
Standard
Customized
Customized
Mandatory KPIs Calculation
Customized
Report drafting & review
Materiality Assessment for stakeholders’ engagement
Standard
Standard
Customized
Environmental Targets settings (air emission, energy, wastes generation, Greenhouse Gas emissions)
Standard
Customized
Customized
Draft & Review of Board statement on ESG governance
Standard
Customized
Customized
Data collection training and meetings
Operation site visit & conducts fieldwork
Strategic disclosure on recommended KPIs
Advisory on the formation of ESG committee
Develop the Terms of Reference for ESG committee
Develop ESG policy for the Group
Conduct climate risk assessment according to TCFD
Explore ESG Initiatives & recommend actions to improve the Group’s ESG performance
Policy establishment & development
Draft & Review of Chairman statement on ESG
With reference to / in accordance with GRI reporting standard
Peer’s ESG Comparison for strategic planning
PACKAGES
GREEN
Compliance to regulatory requirements
Data & Policy collection template / questionnaire
Standard
Mandatory KPIs Calculation
Report drafting & review
Materiality Assessment for stakeholders’ engagement
Standard
Environmental Targets settings (air emission, energy, wastes generation, Greenhouse Gas emissions)
Standard
Draft & Review of Board statement on ESG governance
Standard
Data collection training and meetings
SILVER
Compliance to regulatory requirements
Data & Policy collection template / questionnaire
Customized
Mandatory KPIs Calculation
Report drafting & review
Materiality Assessment for stakeholders’ engagement
Standard
Environmental Targets settings (air emission, energy, wastes generation, Greenhouse Gas emissions)
Customized
Draft & Review of Board statement on ESG governance
Customized
Data collection training and meetings
Exclusive to Silver and Gold Tier
Operation site visit & conducts fieldwork
Strategic disclosure on recommended KPIs
Advisory on the formation of ESG committee
Develop the Terms of Reference for ESG committee
Develop ESG policy for the Group
Conduct climate risk assessment according to TCFD
GOLD
Compliance to regulatory requirements
Data & Policy collection template / questionnaire
Customized
Mandatory KPIs Calculation
Report drafting & review
Materiality Assessment for stakeholders’ engagement
Customized
Environmental Targets settings (air emission, energy, wastes generation, Greenhouse Gas emissions)
Customized
Draft & Review of Board statement on ESG governance
Customized
Data collection training and meetings
Operation site visit & conducts fieldwork
Strategic disclosure on recommended KPIs
Advisory on the formation of ESG committee
Develop the Terms of Reference for ESG committee
Develop ESG policy for the Group
Conduct climate risk assessment according to TCFD
Exclusive to Gold Tier :
Explore ESG Initiatives & recommend actions to improve the Group’s ESG performance
Policy establishment & development
Draft & Review of Chairman statement on ESG
With reference to / in accordance with GRI reporting standard
Peer’s ESG Comparison for strategic planning