ESG Reporting

Our Managing Director, Mr. Vincent Pang was pleased to be the Head Juror of the Institute of ESG &amp; Benchmark (IESGB)’s ESG Achievement Awards 2020.
 
The Awards aims to serve as a significant benchmark of the current sustainable development standards and best practices in Hong Kong by emphasizing the value of outstanding sustainability performance of companies, as well as NGOs. With Hang Seng Indexes Company Limited (HISL) being the Honorary Supporting Organization and Hong Kong Quality Assurance Agency (HKQAA) as the ESG Data Provider cum Supporting Organization, the jury panel was able to evaluate all applications comprehensively and fairly.
 
This year’s Awards was open for both listed and privately-owned companies under 4 categories, namely ESG Benchmark Awards, Special ESG Awards, Special Award and Honorary Awards.
 
Vincent and Ms. Sabrina Lam, Principal of Risk Management Advisory Services, were also invited to be the guests of the Awards Presentation Ceremony on 29 Jun 2021. Vincent gave a speech to conclude his duties and express his appreciation towards the board and the fellow jury panel; and presented the Gold and Platinum Winner of “The ESG Leader” Award.
 
The Awards recognizes ESG achievements in all industry sectors through 36 companies and 2 individuals. Among which, the developer and construction industry were found to be the most advanced in their sustainable development. Few Hong Kong’s most prominent developers received the Awards trophies, including Henderson Land Development Co., Limited, New World Development Ltd., Sino Group and Chinachem Group.
 
AVISTA was honored to help recognize local companies for their progress in ESG and share our best practices in ESG achievements with others and to the public at large.
 
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cheers

As the Juror of IESGB ESG Achievement Awards 2020 and Guests of the Awards Presentation Ceremony 

Our Director and Principal of Risk Management Advisory services, Mr. Ricky Ho and Ms. Sabrina Lam were pleased to be invited by the HKICS to speak on the webinar: “An Investor’s Lens: Sustainable Investing as the New Norm - Implications on ESG Reporting”.
 
The webinar discussed how the ESG integration can create value in the interest of investor and the effectiveness of ESG reporting. Ricky covered the market overview and business sustainability story in ESG reporting, while Sabrina shared investors’ confidence from ESG reporting and the coming trend in ESG investing.
 
The webinar also featured a panel discussion with the topic “How to Set Target for Carbon Reduction”. The speakers had an inspiring discussion with Mr. Jonathan Yau, Associate Director of Cundall Hong Kong Limited. The development of carbon emission reduction initiative worldwide, the benefits of setting carbon emissions targets for corporates and tips on how to set target for carbon reduction were covered.
 
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As the Guest Speaker of the HKICS Webinar: “An Investor’s Lens: Sustainable Investing as the New Norm - Implications on ESG Reporting” 

As the Sustainability and Social Responsibility (SSR) Reviewers of the HKICPA BCGA, our Managing Director, Mr. Vincent Pang and Principal of Risk Management Advisory services, Ms. Sabrina Lam were pleased to be invited by the Association to speak on the webinar: “An Investor’s Perspective on Good ESG Reporting”.
 
The webinar put the emphasis from the investors’ perspective. Vincent illustrated the prevalence of responsible investment and the rising of ESG awareness in the capital market and within the investor community and covered the four key aspects contributing to business sustainability, while Sabrina shared the areas which investors focus on in the reports and the practical tips to enhance the quality of reporting and disclosures, etc., supported by a number of case studies. Last but not least, Vincent concluded the webinar with several coming trends in ESG investing.
 
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As the Guest Speakers of the HKICPA Best Corporate Governance Awards (BCGA) series: “An Investor’s Perspective on Good ESG Reporting”

Our Director of Risk Management Advisory Service, Mr. Ricky Ho was pleased to be invited by JCI City to be one of the guest speakers for its “The Sustainable Corporate Convention of Hong Kong 2021” under “The 25th Innovative Entrepreneur Awards Programme”.
 
The conference was joyously held at Cordis Hotel on 9 Apr 2021. Ricky shared his valuable insights on the topic — “How ESG enhances corporate value” and discussed the 4 areas contributing to business sustainability with ESG consideration, namely Top-line Growth, Cost Reduction, Employee Productivity and Risk Mitigation, with case studies of several international companies.
 
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As the Guest Speaker of JCI City “The Sustainable Corporate Convention of Hong Kong 2021”

AVISTA is pleased to be the Sponsor of Social Impact Investment &amp; Sustainability Forum (SIIS)—"Strategic Thinking and Innovative Actions about Social Impact Investment in the Post-pandemic Era”.
 
The online forum was successfully organized by Social Impact Investment &amp; Procurement Foundation (SIIP) and S.T.A.R.S Foundation on 29 January 2021.
 
The forum gathered government bodies, international environmental organizations, entrepreneurs, investors as well as scientists around the globe to conduct in-depth and extensive discussions on the guiding principles, innovative technologies, development projects and risk management of social impact investment in the post-epidemic environment.
 
Significant sustainability issues in 2020, such as public health concerns brought by Covid-19, the role of green finance in promoting global economic recovery and the initiatives of global carbon neutrality were also discussed.
 
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As the Sponsor of Social Impact Investment & Sustainability Forum (SIIS) 

Our Managing Director, Mr. Vincent Pang and Principal of Risk Management Advisory services, Ms. Sabrina Lam were pleased to be once again invited by the HKICPA to be the judges of the Sustainability and Social Responsibility (SSR) review panel of the BCGA 2020.
 
Celebrating their 20th anniversary, the HKICPA’s BCGA continue to set a benchmark for current Corporate Governance (CG) and sustainability standards and best practices in Hong Kong. This year, about 500 annual reports and 500 sustainability reports were considered in the initial stage and eventually 30 awards were presented.
 
As a professional CG and ESG advisory firm, AVISTA Group was pleased to see there is increasing awareness of climate change as an ESG issues and more companies are aligning with international standards on disclosure, including the Global Reporting Initiative (GRI) and the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD), in addition to the HKEX ESG Reporting Guide.
 
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As the SSR Reviewers of HKICPA Best Corporate Governance Awards (BCGA) 2020

AVISTA hosted a professional webinar titled “Highlights and Recommendations on Dealing with the Latest HKEx ESG Reporting Guide” recently, led by our Managing Director, Mr. Vincent Pang and Director of Risk Management Advisory Services, Mr. Ricky Ho.
 
Vincent and Ricky highlighted the key areas of the ESG Listing Rule Amendments and the Board’s responsibilities under the new requirements and shared advice on ESG target setting and recommendations of independent assurance. They also provided professional insights on existing pitfalls of ESG data collection and subsequently introduced the benefits of the digitalization of ESG data.
 
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