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Global Industrial Paper Cutting Machines Market 2018-2022: Emergence of Programmable Industrial Paper Cutting Machines – ResearchAndMarkets.com

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The “Global Industrial Paper Cutting Machines Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The global industrial paper cutting machines market to grow at a CAGR of 3.45% during the period 2018-2022.

Global Industrial Paper Cutting Machines Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. This industry research report provides a detailed analysis of the market by technology (hydraulic paper cutting machines and digital paper cutting machines).

According to the report, one of the major drivers for this market is the increase in end-user expansions. Paper mills and paper processing companies are expanding their production facilities for increasing their sales and profits. For instance, in May 2018, Holmen announced its plan to expand the carton board production capacity at its Iggesund mill in Sweden. These expansion plans will drive the demand for industrial paper cutting machines throughout the next five years.

Major vendors are integrating advanced features into their machines to stay competitive in this fragmented market. Companies such as POLAR-Mohr and Trotec Laser have developed software which help in converting digital sheet layout into cutting program and assists in laser engraving and cutting. This trend of developing sophisticated paper cutting machines with advanced features will trigger the growth of the market during the forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the high processing costs of paper. Paper mills are forced to source large quantities of waste paper from the domestic market due to increase in cost of imported waste paper which leads to a shortage of waste paper in the domestic market. Moreover, the rise in prices of raw materials such as wood pulp and recycled paper have increased the paper processing costs. This increase in paper processing costs hampers the growth of industrial paper cutting machines market.

Key vendors

  • ITOTEC
  • M. D. Engineering Works
  • POLAR-Mohr
  • Trotec Laser
  • Yash Industries

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

  • Comparison by technology
  • Global industrial hydraulic paper cutting machines market
  • Global industrial digital paper cutting machines market
  • Market opportunity by technology

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Key leading countries
  • Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

PART 13: MARKET TRENDS

  • Development of sophisticated machines with advanced features
  • Emergence of programmable industrial paper cutting machines
  • Increasing adoption of laser cutting machines for paper

PART 14: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 15: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

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Suncity Group Announces 2021 Outlook

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Striding Towards a Bright Future

 

MACAU – Media OutReach – 5 January 2021 – Under the impact of the COVID-19 pandemic, 2020 was a very difficult year for the world. In the face of the severe challenges, Suncity Group has been working hard to achieve its vision of sustainable development in all areas. With its philosophy of “Innovating With Diversity, Striving For Success”, the Group strives to develop its business in the fields of VIP services, entertainment, global tourism, food and beverage, luxury fashion, etc., and is committed to becoming a leading integrated resort operator, with the expansion of its global hotel and resort management business as its core focus. At the same time, as an enterprise rooted in Macao and backed by our motherland, it is one of Suncity Group’s priorities to promote Macao as the “Creative City of Gastronomy”. With this in mind, the Group has actively and successfully expanded its food and beverage business to the Mainland, promoting cooperation between enterprises of Macao and of the Mainland. Also, HOIANA, the Group’s feature project in Vietnam, will serve as a bridge to introduce Vietnam’s culture of gastronomy to the Mainland, in response to national policies of “going global” and “bringing in”.

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HOIANA, Suncity Group’s first integrated resort set to open its doors in 2021

Tigre de Cristal will focus on developing local Russian clientele, Japanese and Korean travellers as the target source market

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Suncity Group prepares to further expand its food and beverage business in the Mainland

Suncity Group is committed to bringing in the finest food culture to the Mainland

 

Leveraging on its experience in resort and hotel management, Suncity Group has been actively expanding its global hotel and resort management business and marching towards the goal of becoming an internationally renowned integrated resort operator. Year 2021 will see the grand opening of the Group’s first integrated resort HOIANA, with all facilities set to open their doors at the same time. Among the wide array of facilities included the entertainment facilities of Hoiana Suncity, the golf course of Hoiana Shores designed by renowned architect Robert Trent Jones Jr., and the 4 luxury hotels managed and operated by Rosewood Hotel Group – Hoiana Hotel & Suites, New World Hoiana Hotel & Residences, KHOS Hoiana and Rosewood Hoi An, offering over 1,000 guest rooms.

 

Located in central Vietnam, the integrated resort HOIANA is only 40 km away from the Da Nang International Airport, with its 3-km coastline and a stunning sea view. The first phase of HOIANA covers an area of over 165 hectares, with the second phase project commencing in 2021. Utilizing its unique coastline, the next phase of the resort will focus on increasing the number of guest rooms as well as the expansion of retail areas, including beach resorts and a Vietnamese Village. Future developments also include facilities such as water and adrenaline park, observation deck, etc., all with the aim to create the finest entertainment hub of Southeast Asia. At the same time, taking advantage of its geographical location, HOIANA will target at bringing in tourists from Southeast Asia as its main source markets in the future. Suncity Group believes that HOIANA will bring significant revenue and sustainable development prospects, and is a demonstration of its determination to gradually evolve into an integrated resort operator and actively expand its resort management business.

 

In addition, through Suncity Group Holdings Limited (1383.HK), Suncity Group is now the single largest shareholder of Summit Ascent Holdings Limited (102.HK), and participates in both operations of Tigre de Cristal Resort Phase I in Vladivostok, Russia and the development of the resort’s second phase. Currently, Tigre de Cristal Phase I is the largest integrated resort in Russia, with a positive trend in business and revenue growth driven by the local Russian clientele. Set to open for preview in late 2022 and grandly open in 2023, the Phase II development project will also commence in 2021, doubling the number of entertainment facilities as well as tripling the number of guest rooms. The project will also add to the resort 4 new restaurants and bars, premium outlet and duty free shopping, multi-functional area, and a beach club and spa. Thanks to its prime location in Northeast Asia, Tigre de Cristal will be well suited for Japanese and Korean travellers. In the future, the Group will focus on developing local Russian clientele, while introducing Japanese and Korean travellers to the resort as the target source market.

 

Through the acquisition of Suntrust Home Developers, Inc. (Stock Code: SUN:PM), Suncity Group is also actively engaging in the development of the Westside City Integrated Resort in the heart of Entertainment City in Manila, Philippines. The project covers an area of over 20 hectares and is set to open its doors before 2023, creating the hub of entertainment of Philippines together with our local partners.

 

Moreover, Suncity Group is expanding into East Asia to further target at Japanese and Korean travellers, with plans to develop resorts in Miyako Island of Okinawa and Niseko of Hokkaido in Japan, with construction to begin in 2021. The Group plans to build a resort hotel in the Yonaha Maehama Beach Area, which is known as “the most beautiful beach in the East”, in Miyako Island of Okinawa, Japan and is expected to complete in 2023. The resort will provide 100 hotel rooms and 40 private villas with their own pools, as well as a variety of special water sports, including stand-up paddling, snorkelling and deep diving. In addition, the Group plans to build a luxury resort in Niseko of Hokkaido, Japan, which owns the reputation as one of the “Top 10 Ski Resorts in the World”. With development plans in the works in 2021, the project will cover an area of approximately 20 hectares, combining the natural beauty of Niseko and convenient leisure amenities. The completion of these new integrated resorts will serve as a testament to Suncity Group’s determination to become Asia’s leading integrated resort operator and an enterprise rooted in Macao that is actively responding to the national policy of “going global”.

 

Adhering to the spirit of patriotism, Suncity Group has been actively supporting the policy of the Macao Special Administrative Region Government, placing the development of the Motherland as our top priority. Through the business expansion of Sun Food and Beverage in the Mainland, Suncity Group aims to bring in the best of foreign cultures and contribute to the country’s prosperity. Since last year, Sun Food and Beverage established 8 restaurants in Chengdu and Chongqing, including “Danang Vietnamese Cuisine”, “Pho Thuy”, “Bangkok Cock” and “Đồ ăn vỉa hè Hoi An Danang”. Together with HOIANA, invested by Suncity Group Holdings Limited in Central Vietnam, the Group strives to introduce Vietnam’s culture of gastronomy to the Mainland.

 

In order to further expand its footprint in the Mainland, Sun Food and Beverage is preparing to open more quality branded restaurants in 2021. In the meantime, Sun Food and Beverage has successfully created new cooperation opportunities for the catering industry in Macao and the Mainland by taking initiative to organise investment visits to the Mainland. Currently, Sun Food and Beverage is actively supporting the “Luzu Temple District Renovation Project” of Chongqing as the company plans to open at the site more branded restaurants presenting Vietnamese cuisine, not just to increase company revenue, but also to help reinvigorate the old district. In addition, Sun Food and Beverage is preparing to set up a joint venture with Macao’s catering industry and open 3 restaurants in the area, bringing Macao-style hot pot, Portuguese cuisine and local desserts to Chongqing. This move not only enriches Mainland’s catering market, but is also a way to support the Macao Special Administrative Region Government’s core effort to promote Macao as “Creative City of Gastronomy”.

 

In the entertainment sector, Sun Entertainment Culture Limited has been actively expanding its entertainment-related businesses, covering film productions, online films, concerts and other commercial performing arts. In 2021, Sun Entertainment Culture Limited will expand its footprint in Southeast Asia through its subsidiaries in Japan and Malaysia, and is also enthusiastically preparing for the full recovery of the film industry this year. Currently, productions of film and TV drama invested by the Group from last year have been completed and are scheduled to be released in 2021, including “Limbo” starring Gordon Lam, which is scheduled to participate in international film festivals, “Dust to Dust” starring Gordon Lam and Da Peng, “Mom, Don’t Do That” produced by and starring Alyssa Chia. In addition, Sun Entertainment Culture Limited will be producing Macao’s first action and car racing film this year, with Han Han as producer of the film. For the acclaimed films “SPL: Sha Po Lang” and “Paradox”, production of the sequels “SPL III: War Needs Lord” and “Paradox II” will also begin in 2021.

 

As Alvin Chau, Chief Executive Officer and Director of Suncity Group stated, the tough year 2020 is now in the past. With the new COVID-19 vaccines being distributed worldwide, the global economy is expected to soon recover, which will be conducive to a strong growth of the motherland and Macao’s social, economic and tourism sectors in 2021. At the same time, staying true to the core values of patriotism, he understands that the prosperity of Macao and the country are inextricably linked. In the future, Suncity Group will continue to look forward to a prosperous future together with the country and Macao by vigorously upholding and following the long-term direction of the country in all aspects.

 

High-resolution images can be downloaded in the gallery:

https://dropbox.suncity-group.com/url/ztw4svj4hfr3hcs4

 

About Suncity Group

Suncity Group was founded in 2007. Since establishment, Suncity Group has been striving to provide the extraordinary VIP entertainment service for our guests, and we then opened a number of VIP Clubs in various 6-star hotels and resorts throughout Macau with the rapid growth of our business. Meanwhile, we successively set up exclusive VIP Clubs in Manila, Seoul, Incheon, Phnom Penh and Da Nang, etc.

 

Adhering to the spirit of “Innovating With Diversity, Striving For Success”, Suncity Group spared no effort to develop high-end entertainment services and products as well as roll out global VIP loyalty program for the selected members to enjoy entertainment, travel, catering services, luxury shopping and motion picture. Today, the scope of our business covers most sectors, especially in the fields of global travel, film production, concert and event planning, catering and luxury goods.

 

As a Macau born and bred enterprise, Suncity Group is not only devoted to develop the Asian market, but also oriented to expand the global network. In the future, we will surely continue to diversify our VIP entertainment services, attract more exclusive members and make every effort to promote our business in every corner of the world.

 

Official Website | www.suncitygroup.com.mo/en

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Dachser organized its first westbound block train from China to Germany

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The time-and-cost-effective rail service offers an immediate and reliable solution for multiple customers during the peak season

 

HONG KONG SAR – Media OutReach – 7 January 2021 – Fifty
FEU containers carrying chemical, industrial and retail goods departed from
Suzhou, China and reached its destination terminal at Ludwigshafen, Germany in 31
days on December 29 amidst the busy peak season. This is the first westbound
block train organized by logistics service provider Dachser, which established its
eastbound block train service earlier at 2020.

 

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Dachser’s first westbound block train arrived at
Ludwigshafen from Suzhou in 32 days amidst the
peak season.

 

The “New Silk Road”, connecting China to
Europe via Erenhot in Mongolia, then Russia, Belarus and Poland, offers an
overland route with stable conditions for transporting chemical goods, and this
option is faster than container sea freight ships.

 

On top of chemical products, Dachser is
seeing a trend that more customers from diversified industries have shown
interest in intermodal transportation.

 

“The pandemic has brought more demand on
rail freight due to the shortage of air and sea freight capacity. The current
peak season has added fuel to the market, so it brings even more customers from
various industries, such as retail to look for rail as an alternative solution,”
said Yves Larquemin, Managing Director Air & Sea Logistics Far East North.

 

“Shipping by rail is more reliable in terms
of time, customers can avoid blank sailing by vessel carriers or sudden flight cancellations.
In terms of cost, rail freight is more economical than air.”

 

Thanks to the strong partnership with the
railway operator RTSB, Dachser can apply the extra block train via Suzhou flexibly.
The Dachser team in China also coordinated with RTSB to handle all pre-carriage
procedures including pick up, gate-to-terminal and customs clearance. When the
train arrived Ludwigshafen in Germany, Dachser’s branch in Mannheim immediately
organized with a local intermodal freight transport company to divert the
containers to Ludwigshafen am Rhein as well as further cities in Germany such
as Duisburg and Schwarzhede.

 

The rail solution from Suzhou to Ludwigshafen
by Dachser is highly appreciated by its customers and it may become a reliable option
to connect the two continents in the future.

About Dachser

Headquartered in Germany, Dachser is one of the world’s leading logistics providers. Using its own in-house developed IT-systems, Dachser incorporates transport, warehousing, and value-added services to provide comprehensive supply chain solutions. Thanks to some 31,000 employees based in 393 locations all over the globe, Dachser generated a consolidated net revenue of approximately EUR 5.7 billion in 2019. The same year, the logistics provider handled a total of 80.6 million shipments weighing 41.0 million metric tons. Country organizations represent Dachser in 44 countries.

 

In Asia, Dachser employs more than 1,696 people in 48 locations in 12 Business Areas. Its Asia Pacific Regional Head Office is located in Hong Kong.

 

For more information about Dachser, please visit www.dachser.hk

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BDO Survey: Fourth-year ESG reporting performance survey shows the evolvement in overall ESG involvement of majority listed companies but which remain inadequate to meet the requirements of the Revised Guide

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Listed companies should increase their awareness and take significant steps to enhance their ESG reporting framework to meet the new disclosure requirements and achieve long-term sustainability

 

HONG KONG SAR – Media OutReach – 12 January 2021 – During the fourth year of environmental, social and governance (ESG) reporting survey, improvements have emerged in ESG disclosure in some areas and these are reflected in the fact that the boards of listed companies are increasingly aware of the importance of ESG management. However, the survey results are still far from satisfactory in terms of compliance and quality. In particular, the results of certain areas, such as ESG risk management and materiality assessment, are reduced. In this survey, 7 key findings and 12 recommendations are made which can serve as reference for listed companies to intensify efforts in ESG reporting and practices, as well as achieve long-term sustainability. 

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(From Left to Right) Mr. Ricky Cheng, Director and Head of Risk Advisory of BDO, Mr. Clement Chan, Managing Director of Assurance of BDO and Mr. Johnson Kong, Managing Director of Non Assurance of BDO today announced the Fourth-year survey results of “The ESG Reporting Performance of Hong Kong Listed Companies”

Nowadays, ESG continue to gain traction in corporate reporting regimes and in the financial institutions sector from the standpoints of long-term sustainability and responsible investment. Users and investors are demanding an increasingly high quality of ESG information disclosures from listed companies so as to facilitate decisions on investment, interests and values alignment, business partnerships, and joint efforts to overcome global challenges. In particular, with the continuing adverse effects of COVID-19 and the revised HKEx ESG Reporting Guide (“the Revised Guide”) which came into effect on 1 July 2020, priorities have changed and reinforced public commitment to ESG. The ESG reporting regime has been evolving in fulfilling users’ increasing expectations and it is more important to improve ESG disclosure and become aware of the importance of ESG management, which will enable listed companies to prepare better to address ESG issues and risks and meet the disclosure requirements of the Revised Guide. As the world’s fifth largest accountancy network, BDO has always spared no efforts to conduct comprehensive ESG studies to provide useful findings for use by listed companies.

This year, BDO’s Survey entitled “The ESG Reporting Performance of Hong Kong Listed Companies (the Survey) randomly sampled 400 of the most-recent ESG reports published by both Main Board and GEM-listed companies on or before 31 July 2020. Most of the surveyed companies come from the Consumer Discretionary sector (20%), followed by Industrials (17%), Financials (15%), Properties and Construction (11%), Materials (8%), Information Technology (8%), Consumer Staples (5%), Healthcare (5%), Energy (4%), Utilities (3%), Telecommunications (2%), Conglomerates (1%) and Others (1%).

Of the 400 companies surveyed:

  • 60% were small size, 23% were medium size and large companies comprised 17%
  • The boards of listed companies were increasingly aware of the importance of ESG management, with 54% (2019: 34%) of the surveyed companies disclosing information about the board’s oversight over ESG issues and 74% of the Board’s review of companies’ ESG performance against ESG goals and targets

Below is a summary of the key findings of the 2020 Survey compared to the 2019 Survey results:

Survey Area

Key Data Points

2019 Survey

2020 Survey

Increase / Decrease / Maintained

ESG governance

Top level commitment and management

34%

54%

Increase

ESG Committee or personnel

24%

32%

Increase

ESG risk management

28%

26%

Decrease

ESG strategy

36%

48%

Increase

Stakeholder engagement

72%

76%

Increase

Materiality assessment

66%

60%

Decrease

Report assurance by independent third party

3%

5%

Increase

Goals on ESG management

15%

13%

Decrease

Staff career development programme

61%

60%

Maintained

Occupational health and safety training

69%

64%

Decrease

Customer support and services

67%

63%

Decrease

Whistle-blowing system

67%

65%

Decrease

Independent committee on anti-corruption management

23%

16%

Decrease

Adoption of reporting standards/guidelines other than HKEx ESG Reporting Guide

9%

10%

Maintained

Anti-corruption training

37%

17%

Decrease

Table 1: Summary of Key Findings of the Survey on “The Performance of ESG Reporting of Hong Kong Listed Companies 2020”


Boards are increasingly involved in ESG governance

The Survey results showed that 54% (2019: 34%) of the companies disclosed information about the board’s oversight of ESG issues. At the same time, among all the surveyed companies, the boards had gained momentum in disclosing their involvement in monitoring ESG performance and ESG risk management approaches in their preparations to meet the mandatory disclosure requirements of the Revised Guide. Meanwhile, the Survey also found that boards of large companies (76%) tended to put the most effort into overseeing ESG issues. On the disclosure of other ESG governance information in ESG reports, the Survey showed that there was slight improvement in the allocation of dedicated resources to manage ESG issues and formulate ESG strategy, such as disclosing a vision, ESG framework and ESG policy.

Reporting quality does not allow for meaningful comparisons

The Survey found that the information disclosed according to the four reporting principles of the Revised Guide, namely materiality, quantitative, balance and consistency, was inadequate. On disclosure on the quantitative, only 48% of surveyed companies disclosed standards, methodologies, assumptions, calculation tools used, and conversion factors used for reporting data on emissions or energy consumption. Less than 29% of the companies cited any changes made to the calculation methods or key performance indicators (KPIs) that they had used or any other factors that may affect the comparison of information in the report. Furthermore, only 64% of the companies disclosed their reporting boundaries in the report. Among companies that disclosed their reporting boundaries, only 30% explained the method that they used to determine them.

 

Quality of materiality assessment disclosure is reduced

The Survey results showed that 60% (2019: 66%) of the companies disclosed that they had conducted a materiality assessment, while the rest or the remaining 40% did not provide any information about materiality in their ESG reports. Of the 40%, small listed companies were the most likely not to have mentioned a materiality assessment. Among companies that conducted a materiality assessment, disclosed information was often inadequate. Only just over 50% of those companies provided comprehensive descriptions on how the ESG issues had been prioritised and they presented the results through visual aids, such as a materiality map. It is observed that when companies do not disclose adequate information about their materiality assessments, investors may find it difficult to ascertain whether the data being reported are relevant to their investment decisions.

Disclosure of issues related to climate change is limited

Climate change is a new addition to the Revised Guide. Listed companies are now required to disclose their policies on identifying and mitigating any significant climate-related issues that have impacted, or may impact, and the action taken to manage them. The Survey showed that only 12% of companies cited issues related to climate change. Among these companies, it is noted that over half (54%) disclosed the climate-related risks and opportunities that applied to them; and most (83%) reported on measures that they had adopted to mitigate their climate-related risks. The Survey also found that larger companies were more likely to consider climate risks and ways to mitigate them. Among companies that reported on climate change, only 15% referred to The Task Force on Climate-related Financial Disclosure (TCFD) when disclosing information related to climate change. Most of these were large listed companies from the healthcare, financial and telecommunications industries.

Target-setting for environment KPIs is limited

Only 15% of companies set targets for environmental KPIs, and these targets were mainly set by large listed companies. Among these companies, the most common targets set for environmental KPIs were to reduce waste, energy consumption and greenhouse gases (GHGs). The companies adopted a variety of approaches to setting the targets for their environmental KPIs while the most common ones were to align KPI targets either with the company’s visions and goals (33%) or with national or regional laws and regulations (40%).


Recognition of UN SDGs on climate action is stronger

According to the survey results, there is a growing trend of listed companies recognising the United Nations’ Sustainable Development Goals (UN SDGs). This year, more of the listed companies (2020: 8% vs 2019: 6%) identified SDGs that were relevant to their business operations and strategic goals.


Independent assurance on ESG reporting remains steady

The Revised Guide recommends that listed companies may seek independent assurance on their ESG reports. However, the Survey pointed out that independent assurance was obtained for only 5% of the ESG reports published by the companies. There were no significant changes in these results when compared with the results in the previous two years. Among the companies that sought independent assurance for their ESG reports, 56% obtained assurance for the whole report.

BDO recommendations:

Integrate ESG into the enterprise risk-management framework

In the context of risk management, ESG risks should not be dealt with separately but must be integrated into a company’s enterprise risk management (ERM) framework by referring to widely recognised best practice. The ERM framework should include robust mechanisms to identify and assess the impact of ESG risks that may influence the company’s strategy and objectives. At the same time, by considering the challenges and response, the company may identify new opportunities from predicted trends.

Build capacity on climate change

Given that climate change may affect a company through physical and transition risks, companies may need to understand the implications of these risks on financial performance. Climate change is associated with specialist knowledge and complex technical terms. Therefore, the company’s board or management may need to rely on the insights, knowledge or external expertise of sustainability professionals in order to assess the impact of climate risks during the process of identifying, assessing, prioritising and mitigating climate risks and other issues. Companies may set up a dedicated committee or working group to steer climate-change management. A climate change committee aims to secure board-level oversight of strategic climate-related risk and opportunity management. A climate change working group can build the company’s capability relating to climate risk and accelerate the integration of climate considerations into the ERM framework.

Enhance reporting quality

To increase the reliability and accuracy of the content, any changes should be explicitly explained in the ESG report. In addition to the Revised Guide, companies may refer to the Global Reporting Initiative standards for the relevant reporting principles to enhance the quality of their reporting. It is also important for companies to have a consistent and well-defined approach to considering the scope and including appropriate material operations or entities in the ESG report. Companies with a more complex structure may apply their own judgment criteria to define the reporting boundaries.

Consider industry factors

Disclosing factors that are related to a particular industry could show investors that these industry-specific ESG concerns have been adequately considered and addressed by the company. Listed companies may refer to some global reporting frameworks such as Global Reporting Initiative Standards (GRI) and Sustainability Accounting Standards Board Standards (SASB). These frameworks provide industry-specific guidelines on reporting a full range of economic and ESG impacts of operation within a particular industry.

Linking stakeholder engagement feedback with materiality assessment

It is recommended that companies’ response should be disclosed alongside stakeholder engagement results so readers may know whether the concerns raised by stakeholders are material to the company and whether strategies or measures have been formulated to address them.

Elaborate the impact of climate change on the business model

Companies are recommended to provide specific details on how climate change may affect various business model components from a strategic point of view, in order to enhance their development of a governance structure to manage climate change risks and to make changes to their business model as well as their strategic goals and objectives with a view to achieve long-term sustainability.

Specify the nature of climate risks that may impact the business

Listed companies should disclose, for example, the kinds of extreme climate events that would be highly likely to impact the business and what critical business processes or assets would be affected by these events. Listed companies should also disclose whether stakeholders that they rely heavily on, such as customers or suppliers, would also be affected by certain climate risks.

Alignment with the goals of the Paris Agreement

While the presence of environmental targets enables companies to gauge their environmental performance and reduce their impact on operations at an expected level, companies are recommended to align their strategic goals with the goals of the Paris Agreement so they can achieve net-zero carbon emission. Companies may refer to some international methodologies when setting targets for their environmental KPIs such as Science Based Targets.

Enhancing the quality of environmental impact disclosure

To give investors a comprehensive overview of the company’s environmental footprint, companies should disclose more background information about the environmental KPIs in their ESG report and how KPIs are related to their business operations. Companies may consider disclosing information, such as the sources of each environmental KPI, environmental policies and a roadmap to reduce the impact and long-term and short-term reduction initiatives and action plans to achieve the targets.

Expanding disclosure to include Scope 3 emissions

The Revised Guide requires listed companies to disclose direct and energy-indirect GHGs, for the purpose of transparency and completeness in presenting the carbon footprint for investors’ understanding. It is recommended that listed companies may also consider disclosing Scope 3 emissions. There are up to 15 types of Scope 3 emissions listed in the Greenhouse Gas Protocol. Listed companies may disclose information about the types of emissions that are relevant to their individual situation.

Integrating UN SDGs to create more positive outcomes

There is a view that companies may benefit from integrating UN SDGs into their business strategy and operations. Thus, when undertaking SDG reporting, companies may consider strategies such as identifying and understanding the impact of all the SDGs and targets on the business portfolio, aligning SDGs with the strategic targets that may have a critical impact on business operations and may require significant changes to be made and prioritising the SDGs and targets.

Ensuring Report Credibility by External Assurance

To ensure the credibility and transparency of disclosed ESG data, listed companies should start by obtaining independent assurance on certain key ESG information, such as their environmental or social KPIs, instead of the content of the whole ESG report. Companies may choose to have the whole ESG report assured when comfortable and accumulating adequate experience in ESG reporting.

Clement Chan, Managing Director of Assurance of BDO, said, “An ESG report is a useful tool to communicate to its stakeholders on organisation’s ESG performance and progress in addressing operating challenges including climate change. Also, since the COVID-19 pandemic has caused unprecedented disruption to economies and financial systems, we believe that green finance is the key to rebuild the economy on a more equitable foundation as recovery is urgently needed. In this report, we see that companies have made noticeable improvements in involving ESG strategy. But still, our Survey has found that there were limited information disclosed to the public which discourage investors and users with concerns of late over companies’ sustainability development. Listed companies should now intensify efforts to enhance the disclosure of ESG information to meet stakeholders’ information and investment needs, as well as to meet the requirements of the Revised Guide by HKEx.”

Johnson Kong, Managing Director of Non Assurance of BDO, remarked, “There is no doubt that green finance is getting more prominent amid the increasing awareness in the investment community, and ESG are rising on the rise across the world, especially in the healthcare and information technology realms since the outbreak of Covid-19. Thus, the transparency and accuracy of ESG report are increasingly important to Investors and capital markets institutions while they factor ESG performance into investment decisions as they often consider ESG-related information to determine whether a company is adequately managing risks, not only to derive reputational benefits. However, our Survey has showed that only a limited number of companies has reported climate-related issues with restricted information disclosed. For effective management of ESG issues, we are eager to see a higher engagement from companies on ESG reporting by elaborating the topics on the business model”.

Ricky Cheng, Director and Head of Risk Advisory of BDO, said, “We are pleased to see that there was improvement in ESG reporting for most listed companies. However, the results are still not satisfactory. Since the HKEx launched the Revised Guide and effect on 1 July 2020, listed companies are required to meet higher standards of ESG reporting to fulfil the integrated ESG component. Users of ESG reports are focusing on relevant and material ESG issues affecting the business operations of an organisation. They would also like to see the board of an organisation play a vital role in driving its ESG strategy and in ensuring the integration of ESG issues into the enterprise risk management framework, as well as the functions across an organisation. We hope our suggestions can provide more specific guidelines and directions for companies to improve their ESG reporting, with the ultimate aim to boost their investment value and inspire investor confidence”.

About BDO

BDO’s global organisation extends across 167 countries and territories, with more than 91,000 professionals working out of over 1,600 offices — and they’re towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO in Hong Kong provides an extensive range of professional services including assurance services, business services and outsourcing, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.

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