At the 3rd Listed Companies Sustainability Officer Summit Forum held on November 22, Ernst & Young Greater China Sustainability Reporting and Assurance Services Director LiuGuohuaaccept itsecuritiesIn an interview, a reporter from the Times said that in recent years, one of the main changes in the ESG (environmental, social and governance) performance of listed companies is from a conceptual understanding to a recognition of the value of corporate governance. understand that ESG reports and disclosure of information are no longer limited As a report card to show the company’s own sustainable development performance and to express the company’s ESG performance It is an information center and a window for communication and interaction between enterprises and stakeholders It can help stakeholders understand the goals, initiatives, progress and performance of ESG initiatives as investment decisions.
Commenting on the guidelines for preparing sustainable development reports from listed companies (hereinafter referred to as the “Guidelines”) which are currently seeking comments, Liu said.GuohuaHe said the directive clarifies the standards of disclosure of information on sustainable development and details the subject of disclosure obligations, scope of reporting, reporting period, release period, name and method, review procedures, subject matter, disclosure requirements and exemptions from sustainability reports, etc. Content can help listed companies better understand and implement the relevant requirements of the “Self-Regulatory Audit Guide for Listed Companies – Sustainability Reporting (Test)” published in April, and provide sufficient guidance for listed companies to prepare ESG reports published by LiuGuohuahe pointed out that the guide not only focuses on information disclosure, but also emphasizes the management system established by enterprises in terms of sustainable development. For example, on how to put the four-point disclosure framework elements are better involved, it provides recommendations on how to build its sustainable development report framework and clarifies “management strategy – The publication framework has four elements of “Impact, Risk and Opportunity Management – Indicators and Targets” not only reduces the uncertainty of enterprises in the process of preparing the report, but also improves the comparability and consistency of information disclosure, and provides opportunities for enterprises to adopt ESG management practices and standards to develop.
In terms of further improving the quality of information disclosure in ESG reports, Liu Guohua believes that the preparation of ESG reports must meet the real needs of response and correctly select disclosure standards. As a corporate information disclosure carrier, ESG report preparation must prioritize meeting regulatory compliance requirements, but must also focus on ESG report content standards with clear objectives, proper management, outstanding performance, and characteristics such as reliable quality and readability. In addition, from the perspective of ESG risk management and control, we can use an independent third-party perspective to objectively evaluate and continuously improve ESG-related risk management levels, internal control system design , and building an information system with a focus on ESG reporting. and disclosure of information.
(article source:securitiesTimes.com)
Article source: Securities Times Network
Responsible editor: 10
Original title: Ernst & Young Liu Guohua: Listed companies have moved from conceptual understanding to value recognition of ESG
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2024-11-23 08:34:00
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How does EY’s analysis differentiate between companies demonstrating genuine ESG commitment compared to those engaging in “greenwashing” or superficial ESG initiatives? What red flags does your team look for?
## Thematic Interview Questions:
This interview focuses on a report highlighting Ernst & Young’s (EY) analysis of ESG implementation by listed companies in China. Here’s a thematic breakdown with engaging open-ended questions:
**Section 1: Understanding the Landscape of ESG in China**
* **Question:** The report mentions a shift from conceptual understanding to practical recognition of ESG. Can you elaborate on this shift and what factors are driving it in the Chinese market?
* **Follow Up:** What are the key challenges Chinese companies face when trying to effectively implement ESG principles?
**Section 2: EY’s Role and Insights**
* **Question:** What specific methodologies does EY employ to assess ESG performance among listed companies in China? How does this analysis inform your recommendations and guidance?
* **Follow Up:** Can you share any noteworthy examples of best practices in ESG implementation that you’ve observed among Chinese companies? What sets them apart?
**Section 3: Stakeholder Engagement and Transparency**
* **Question:** The report highlights the importance of stakeholder engagement in ESG. What strategies do you recommend for Chinese companies to effectively engage diverse stakeholder groups in their ESG efforts?
* **Follow Up:** How crucial is transparency and disclosure in building trust and accountability related to ESG? What are some innovative approaches to ESG reporting that EY is seeing emerge?
**Section 4: Future Trends & Predictions**
* **Question:** Looking ahead, what key trends do you anticipate shaping the ESG landscape in China over the next 5-10 years?
* **Follow Up:** What advice would you give to Chinese companies who are just beginning their ESG journey?
**Section 5: Role of Platforms like Oriental Fortune Network**
* **Question:** How can platforms like Oriental Fortune Network contribute to promoting ESG awareness and best practices among listed companies and investors? What role does information accessibility and transparency play?
* **Follow Up:** What are your thoughts on the potential of technology and data analytics to further advance ESG implementation and measurement in China?
**General Discussion Prompts:**
* **Debate:** Some argue that ESG focus detracts from core business objectives. How do you respond to this criticism, particularly within the context of the Chinese market?
* **Global Perspective:** How does ESG implementation in China compare to other major economies? Are there any unique considerations or challenges specific to the Chinese context?
* **Impact:** What tangible benefits can companies expect to see by embracing robust ESG practices, both in terms of their own performance and their impact on society?
Remember:
* Use these questions as a springboard for a natural and engaging conversation.
* Encourage diverse perspectives and thoughtful analysis.
* Allow for follow-up questions and deeper exploration of interesting points.