IMPORTANT
NOTICE

Due to the office modification works on 27/F, Wu Chung House, library services will be closed on the following Saturdays: 12, 19 & 26 November and 3, 10, 17, 24 & 31 December 2022.

 

In addition, counter services at 27/F will be moved to 37/F on the following Saturdays: 10 & 17 December 2022 (09:00-12:00).

 

Please accept our apologies for any inconvenience caused.

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Best Corporate Governance and ESG Awards

Best Corporate Governance and ESG Awards

Click here for the self-nomination form

 

The Institute is pleased to be launching the Best Corporate Governance and ESG Awards ("Awards") 2022. The Awards reflect the importance of both good CG and environmental, social and governance (“ESG”) reporting and practices for listed companies (“companies”) and public sector / not-for-profit organisations (“PSOs”), and their investors and stakeholders. They encourage companies and PSOs to achieve high standards of CG and ESG and to aim to integrate the oversight and implementation of their CG and ESG into their strategy and operations.

 

The Awards continue to enjoy strong support from a wide range of stakeholders, including the HKSAR Government, financial market regulators, investor groups, professional associations and firms, the business community and academics. Since their inception in 2000, the Awards have played an important role in establishing benchmarks and encouraging improvements in standards of corporate governance ("CG") and, in addition, for over a decade, sustainability, among listed companies and PSOs in Hong Kong. They raise awareness of the need for companies to be transparent and accountable to their shareholders and other stakeholders, while also inform the community of the current CG and ESG developments in Hong Kong.

 

The Awards focus primarily on practices and disclosures adopted by companies and PSOs that go beyond the minimum legal and regulatory requirements, as reflected in their annual reports and sustainability/ corporate social responsibility/ ESG reports.

 

Features of the Awards include:

 

  • The top accolades, namely, the Most Sustainable Companies/ Organisations Awards, will be presented to those companies and PSOs that demonstrate the overall best practices in both CG and ESG, with equal weight being allocated to these two areas, and which are moving towards fuller integration of these elements. To reflecting the different levels of achievement in this part of the competition, there will be Diamond, Platinum, Gold Awards, as well as Special Mentions.

  • There will continue to be awards specifically for CG and ESG, to acknowledge those companies and organisations that perform to a high standard in one or other of these two aspects. Two different levels of recognition will be available in this section of the competition, namely CG or ESG Award or Special Mention.

 

Note:

 

  1. Awards will be presented in seven main categories:

          (i) Hang Seng Index ("HSI")-constituent companies

 

    Non-HSI-constituent companies:

          (ii)   Large market capitalisation

          (iii)  Medium market capitalisation

          (iv)  Small market capitalisation

          (v)   H-share companies and other Mainland enterprises

 

    Public sector/Not-for-profit organisations:

          (vi)  Large

          (vii) Small and medium

 

  • There are also Self-Nomination Awards, aimed at smaller companies, with a market capitalisation of no more than HK$6 billion (as at 29 April 2022), as well as PSOs. Applicants for Self-Nomination Awards may put themselves forward to be considered for an award, using the online form and explaining the voluntary practices that they have introduced and disclosed in their annual/ ESG reports during the period under review. Shortlisted candidates may be invited to attend an interview to give further details of their CG and ESG policies and practices.

 

In addition to introducing other changes and new features, the Institute regularly reviews and refines the Awards assessment criteria and marking schemes to take account of changes in local regulations and relevant international developments, as well as the continuously evolving expectations of investors and the wider community.

 

Entry Procedure

 
The judging criteria and application process are explained in the brochure (see the icons at the top of this page) inviting entries for the Awards 2022.  Entry is free of charge and the Awards provide companies and PSOs with the opportunity for recognition and enhancement of their reputation. The submission deadline is 10 August 2022.

 

The Institute takes this opportunity to express appreciation to the financial and media sponsors of the Awards 2022.

 

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