The Hong Kong Management Association held the "2023 Best Annual Reports Awards" ceremony in Hong Kong. Fosun International was awarded the "Best Environmental, Social and Governance Reporting Awards" by HKMA, in recognition of the company's outstanding performance in ESG strategy, environmental protection, social responsibility, corporate governance and information disclosure by authoritative organization.
HKMA is a non-profit organization that is well-known in the business and education sectors, and enjoys a high reputation in the industry. Established by the HKMA in 1973, the Best Annual Reports Awards aims to recognize the publication of timely, accurate, informative, and well-presented annual reports by companies and non-profit organizations. This year marks the 50 years anniversary of the award.
HKMA points out that companies, such as Fosun International, which have received the "Best Environmental, Social and Governance Reporting Awards", have complied well with the disclosure requirements from the Hong Kong Stock Exchange and made reference to other reporting standards such as the Global Reporting Initiative (GRI) Standards, Task Force on Climate-related Financial Disclosures (TCFD) recommendations and Sustainable Development Goals (SDG). While it remains relatively limited, a growing number of companies have obtained external assurance and review. This bolsters credibility of disclosed information. In addition, to in line with emphasizing on ESG initiatives and development, more and more companies have formally elevated CSR/Sustainability Committee to one of the Board committees, while many companies have established an ESG steering committee/working group and/or created a professional position to oversee ESG activities and address compliance issues.
There are 11 enterprises being awarded the "Best Environmental Social and Governance Reporting Awards", other award recipients are Hong Kong Exchanges and Clearing Limited, Drainage Services Department, Link Real Estate Investment Trust, MTR Corporation, Swire Properties, CLP Holdings, Chow Tai Fook Jewellery, Tencent Holdings, China Mobile and The Hongkong and Shanghai Hotels.
