Risk Management Advisory

Corporate Governance (CG) Review

In recent years, more and more concerns over the corporate governance of companies, especially listed companies, are raised. Besides, the Stock Exchange of Hong Kong (“HKEx”) has introduced the Corporate Governance Code and Corporate Governance Report (the “Code”), which set out the principles of good governance, and two levels of recommendations: (a) code provisions; and (b) recommended best practices. The listed companies must meet certain requirements to comply with the Code or disclose considered reasons for its deviation. To assist companies to maintain sound corporate governance, in order to sustain and enhance their competitiveness and corporate image over the market, AVISTA could provide the following review services:   CG Code Compliance Review   It is important for the listed companies to incorporate corporate governance into its management structure and internal control policies and procedures. We therefore provide advice to the listed company to establish sustainable and effective corporate governance structure and internal control procedures through performing regular reviews. It would help the listed company to standardize and enhance effectiveness in operational management, and ensure full compliance with the Code.   CG Report Disclosure Review   According to the Listing Rules of the HKEx, listed companies must include a Corporate Governance Report, which contains all the information set out in the Code in its annual report. Any failure to do so will be regarded as a breach of the Listing Rules. To prevent breaches, we could conduct a disclosure review on compliance with the mandatory corporate governance disclosure requirements under the Companies Ordinance and the Listing Rules for the Corporate Governance Report, as appropriate.

Corporate Governance (CG) Review

ESG Data Management

AVISTA iESGweb – Data Collection and Management Platform   With the growth of ESG investing, investors are becoming more sophisticated in the application of ESG information. They are looking for ESG data that can be used to develop ESG insights for their investment decision making processes. ESG data is a comprehensive set of data points that covers a variety of environmental, social and governance issues. AVISTA self-developed cloud-based platform helps companies efficiently manage sustainability performance data across companies and supply chains.   This user-friendly and customizable online platform enables company to collect, monitor and report on ESG data in a transparent, consistent and comparative manner. With the platform’s advanced analytics and robust reporting tools, company can ensure full transparency of ESG data across the entire businesses and create impactful reports for its stakeholders. It is the simplest and most secure all-in-one integrated platform all a company needs to generate insightful and accurate results to identify emerging issues, mitigate risk and drive improvement within the company and across the supply chain.   Key benefits of our platform include minimising manual workflow and errors in data collection process, transforming raw data into useful insights, ensuring data accuracy, reliability, completeness and traceability, ensuring compliance with Stock Exchange listing requirements, and enabling year-on-year performance analysis.

ESG Data Management

Stakeholder Engagement and Materiality Assessment

Materiality is the driver through which companies can select issues to be included in ESG reports favouring the expectations of stakeholders. The statistical analysis highlights the importance of industry, Hong Kong Stock Exchange (“HKEx”) ESG Reporting Guide application and stakeholder engagement in the reporting process, in particular in the materiality analysis, to achieve a high level of materiality application and good report quality. With AVISTA’s Stakeholder Engagement and Materiality Assessment Service, we help company clearly present the materiality disclosures in the ESG report, as these disclosures reflect the findings of the materiality assessment and stakeholder engagement. We also help company ensure disclosures that are related to materiality are clearly labelled and referenced. This service also assists company in presenting a user-friendly content index that addresses what is expected by HKEx, allowing you to understand what should be included and ensuring that references to the HKEx ESG Reporting Guide are accurate.   Our services include identifying a list of key stakeholders and determine the forms of stakeholder engagement, providing tailor-made online stakeholder engagement questionnaires, conducting a stakeholder engagement questionnaire analysis and materiality assessment, as well as presenting the materiality disclosures in company’s ESG report.

Stakeholder Engagement and Materiality Assessment

Meet Our People

RICKY HO

RICKY HO

Director

RISK MANAGEMENT ADVISORY

ricky.ho@avaval.com

JOEY LEONG

JOEY LEONG

Principal

RISK MANAGEMENT ADVISORY

joey.leong@avaval.com

ANDREA KWAN

ANDREA KWAN

Principal

RISK MANAGEMENT ADVISORY

andrea.kwan@avaval.com

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