Sustainability Services

ESG Trends in Asia

Hong Kong Exchange – Amendment to ESG reporting and listing rules
Listed companies have to provide ESG data in a timely manner, enhance board engagement, and report the potential impacts of climate change

China – CSRC Emission Disclosure
Heavy emitter required to disclose emissions and all listed companies to disclose E&S data (voluntary)

As a UNESCO approved Certified Sustainable Development Corporation, TQM believes that sustainable development is essential to the continued growth of the company; rather than focus on short-term profits, we instead consider the long-term benefits of interdependence and ecological innovation.

FIRST Batch of Certified Sustainable Development Corporation dedicated to promote and advocate sustainability core competencies in corporations and DESIGNATED for sustainability core competencies development training

TQM’s global network of climate change and sustainable practices can help you build long-term value in a rapidly changing world. We aim to do things differently and challenge the traditional consulting model and we are the ONLY consulting company delivering concrete and measurable results that enable the real ESG excellence in your organization.

We help you to address environmental, social and governance (ESG) challenges, including environmental and social performance, climate-related financial risks, carbon footprints and greenhouse gas inventories. We maximize your potential benefits by formulating a customized corporate sustainability plan that most effectively utilizes your abilities and resources. With our professional knowledge and services, our sustainable action plans can help your company to achieve higher long term profits, greater shareholder satisfaction, improved brand reputation, lower costs and higher productivity.

The Highest Energy Consumption Single Building: T1 Terminal
Electricity Consumption ↘11%
Support AAHK and 53 business partners in the Carbon Reduction Programme
Promote Waste Management and Food Angel Programme

High-efficiency transformer

↘ 0.42M kWh/year

HVAC system upgrade

↘ 9.8M kW/year

Smart-to-Charge System

↗ 3-4 times faster

Chiller replacement

Est. ↘ 5.1 GWh/ year

EMS ISO 14001 and EnMS ISO 50001
Electricity Consumption of Air-conditioning 8%/ year
Electricity Consumption of Lighting 40,000 kWh/ year
Electricity Consumption of Lift Motor System 30%/ year
Maintained and achieved continuous improvement

Key Building of Bank of China (Hong Kong)

Highest Ranking in Hong Kong Business and Greater China Business Sustainability Index in the Banking Industry

FAQs

What are SDGs?

SDGs are part of the United Nations 2030 Agenda for Sustainable Development. They are a series of 17 goals to be completed by 2030 as a part of transitioning to a new global circular economy. These concepts used to be the remit of government, including:

Sustainable Economies
Sustainable Cities and Communities
Responsible Consumption and Production
Affordable and Clean Energy
Gender Equality
Climate Action

What is the relationship between SDGs and ESG?

SDGs (Sustainable Developn1ent Goals) are global goals set out by the United Nations, and there are currently 17 SDGs help guide companies and organizations through achieving sustainable development practices.

ESG is a rating system used by companies to measure their environmental and social credentials, providing guidelines in helping determine whether a product/ service is contributing positively (positive externalities) to the environment, society, and governance of an organization.

The main differences are as follows:

SDGs focus on long-term solutions and are at a more high level, focusing on specific targets around the world.
ESG measures how well a company is performing in terms of its social and environmental responsibilities throughout its operations and holds companies accountable for their actions.

SDGs work together with ESG by providing guidelines on how an organization can achieve sustainable development goals within their company, products, and services.

More and more ESG reports have referred to UN SDGs over the past years. As of 2020, nearly 30% of listed companies sampled have applied UN SDGs as the cornerstone of their ESG work. Beyond a simple, static reference to UN SDGs in ESG reports, companies have also identified key UN SDGs that are mapped to their businesses and set related targets. Further, the 17 goals were integrated into actual ESG practice to set up, guide, communicate and report companies’ ESG strategies, targets and activities, thus forming a long-term mechanism for ESG transformation.

Why are businesses using SDGs and ESG?

For many organizations, the question of how to drive an enterprise-wide culture of sustainability is a crucial one. It is suggested that the United Nations’ Sustainable Development Goals (SDGs) — and the 169 targets they include — are an increasingly important part of this process. Indeed, 68% of respondents say they embed the SDGs into their strategic planning in some way.

For many businesses, the SDGs provide a tangible means through which to move their ESG activities. and important credibility with external audiences as stakeholder capitalism has become increasingly prevalent and consumers are becoming ESG-conscious, reputation and credibility can be a strong motivating factor for businesses to turn their attention to ESG.

Amid the rising awareness of ESG issues, Asian governments (including China and Hong Kong) are prioritizing ESG related regulations, incorporating SDGs into the guideline and developing rules to push forward more accountable and sustainable development of companies.

Going beyond regulatory compliance, companies are now incorporating various international reporting standards and frameworks (e.g. UN SDGs and GRI, etc) to facilitate the future development of their ESG and/or sustainability report and accommodate the regulation changes.

Why are they important to businesses?