Modern Australian
Men's Weekly

.

International Chamber of Sustainable Development (ICSD) Cocktail Reception and Research Paper Presentation Highlighting Key ESG Challenges for Small-cap Companies

HONG KONG SAR - Media OutReach Newswire - 28 October 2024 – International Chamber of Sustainable Development (ICSD) successfully hosted a Cocktail Reception and Research Paper Presentation on Friday, October 25, 2024, at the United Conference Centre, Admiralty.

The event, attended by more than 100 participants, focused on motivating small-cap companies to improve their Environmental, Social, and Governance (ESG) reporting practices in Hong Kong. This event was supported by World Green Organisation and Hong Kong Institute of Circular Economy.

Dr. Angus Yip (first author), Dr. William Yu (second author) and Professor Peter Fong (Editor-in-Chief of Public Administration and Policy)
Dr. Angus Yip (first author), Dr. William Yu (second author) and Professor Peter Fong (Editor-in-Chief of Public Administration and Policy)

The event featured the presentation of a research paper* titled "Motivating Small and Medium-sized Listed Companies for Better ESG Reporting in Hong Kong". By using grounded theory, this study highlighted the significant drivers and barriers small-cap companies face in their ESG reporting efforts.

*Yip, A.W.H., Yu, W.Y.P. and Ip, Q.W.T. (2024), "Motivating small and medium-sized listed companies for better Environmental, Social and Governance (ESG) reporting in Hong Kong", Public Administration and Policy: An Asia-Pacific Journal, Vol. 27 No. 2, pp. 220-234. https://doi.org/10.1108/PAP-05-2024-0068

Key Research Findings:
The research, based on interviews with 22 ESG reporting personnel in SMEs, identified regulations and management support as critical motivators, while lack of management support and expertise were found to be significant obstacles. The study emphasized the importance of mobilizing various stakeholders—such as regulators, investors, bankers, customers, NGOs, and employees—to influence and encourage SMEs to adopt better ESG practices. Though regulations can effectively push small-cap companies to report, but usually in a perfunctory manner. By leveraging the influence of stakeholders, small-cap companies can gain tangible benefits and greater management support, creating a more sustainable future for their businesses and the broader economy.

Speakers:

  • Dr. Angus Yip, Founding Chairman of ICSD
  • Dr. William Yu, CEO of World Green Organisation
Both Dr. Yip and Dr. Yu provided insightful commentary on the challenges faced by small-cap companies in ESG reporting and offered practical recommendations for overcoming these challenges. They stressed the role of collaborative efforts between policymakers, businesses, and stakeholders in driving meaningful progress.

Audience attentively listens to an ESG research presentation at the ICSD event.
Audience attentively listens to an ESG research presentation at the ICSD event.

Event Highlights:
The event fostered meaningful discussions on the need for enhanced ESG reporting among small-cap companies and provided a platform for participants to share insights on the evolving landscape of corporate sustainability. Attendees, ranging from industry professionals to sustainability advocates, expressed their appreciation for the research and its practical implications for improving ESG practices in SMEs.

As a comprehensive investigation into the motivational factors affecting ESG reporting in small-cap companies, this research paper lays the groundwork for future policy recommendations and stakeholder-driven initiatives.

Hashtag: #ESG #SME #ResearchPaper #ICSD #WorldGreenOrganisation #HongKongInstituteofCircularEconomy





Youtube :

The issuer is solely responsible for the content of this announcement.

International Chamber of Sustainable Development (ICSD)

International Chamber of Sustainable Development (ICSD) is an NGO and a learned society. ICSD's mission is to promote ESG through education. Its activities focus on the United Nations' 17 Sustainable Development Goals (UN 17 SDGs) to support international recognition of sustainable development ideologies among both individuals and corporations. ICSD also has chapters in Geneva, Switzerland, and London, U.K. Currently, ICSD has over 3,000 members, all Certified ESG Planners (CEP®) from various industries. (Website: )

Social Media: Is It Increasing Rates of Anxiety and Depression?

In today’s connected world, social media has become an integral part of daily life. Platforms like Instagram, TikTok, and Facebook offer opportuni...

Preventive Maintenance Tips for Hydraulic Equipment

Hydraulic equipment plays a crucial role in industries ranging from construction and mining to agriculture and manufacturing. Whether it’s powerin...

Choosing the Right LiDAR System for Your Project

When planning a project that relies on accurate spatial data, selecting the right LiDAR system is one of the most critical decisions you’ll make. ...

The History of Craft Beer: From Monasteries to Modern Breweries

Craft beer has a rich and fascinating history that stretches back centuries. What we enjoy today in trendy taprooms and bustling breweries is the re...

How Natural Pearls Shaped Trade Routes and Global Economies

Throughout history, natural pearls—those rare, untamed treasures formed by nature itself—have exerted a powerful influence on trade networks, po...

How To Choose The Right Insulation For Your Space

Selecting the appropriate insulation for your home or building is a critical decision that affects comfort, energy efficiency, and present and future ...

7 Best Things to Do in Beaufort, Victoria

Beaufort is a charming small town in Victoria’s Goldfields, full of history, natural beauty, and warm, welcoming locals. Whether you’re passing th...

What to Expect During Divorce Mediation & Settlement

Divorce can be a difficult and emotionally draining process, but mediation and settlement often provide a constructive path forward. Instead of goin...

Navigating Disability Services in Perth: Your Questions Answered

Understanding the landscape of disability support can feel overwhelming, especially when you're just starting out. If you’re looking for support a...

How Veneers and Dental Implants Work Together for Full Smile Restoration

Modern dentistry has strong instruments that can produce life-changing outcomes when it comes to repairing a smile that has been impacted by tooth los...

Gen Z’s Are Going off Grid – But Is It Sustainable?

Australia’s cost of living crisis is causing Gen Z to get creative with frugal living options. Earlier this year, young couple Koby and Amelie wan...

The Risks of DIY Air Conditioning Installation and How to Avoid Them

Air conditioning is essential in Australia, especially during the scorching summer months, when homes and workplaces can become unbearable without rel...

How to Find Reliable Air Conditioning Services Near You in Brisbane Northside

Introduction In Brisbane’s hot and humid climate, air conditioning has become more of a necessity than a luxury. Whether it's keeping your home coo...

Enhance Outdoor Living with Lifestyle Awnings

Creating the perfect balance between indoor comfort and outdoor living is something many homeowners aspire to achieve. In recent years, Lifestyle Aw...

Why Buckets with Lids Are Essential for Safe Storage & Transportation

The right bucket can streamline transport and make handling easier day to day. With options suited to food, chemicals and construction materials, th...

Comfort and Style with Ceiling Fans Perth

While air conditioning is common, it is not always the most cost-effective or sustainable solution, particularly during long hot summers. For homeow...

How Professional Air Conditioning Services Improve Comfort and Efficiency

Air conditioning has become a fundamental part of homes and businesses, providing relief from sweltering summers and keeping interiors warm in winte...

The Value of Professional Rubbish Removal Services

From everyday waste to bulky items like furniture and appliances, finding the right way to dispose of rubbish is not always straightforward. This is...