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: )

Powering Shepparton’s Businesses: Expert Commercial Electrical Services You Can Count On

When it comes to running a successful business, having reliable, compliant, and efficient electrical systems is non-negotiable. From small retail ou...

Maximise Efficiency: Cleaner Solar Panels for Optimal Performance

Solar panels are a smart investment in energy efficiency, sustainability, and long-term savings—especially here in Cairns, where the tropical sun ...

7 Common Air Conditioner Issues in Melbourne – And How to Fix Them

Image by freepik Living in Melbourne, we all know how unpredictable the weather can be. One moment it’s cold and windy, the next it’s a scorchin...

Powering Palm QLD with Reliable Electrical Solutions

Image by pvproductions on Freepik When it comes to finding a trustworthy electrician Palm QLD locals can count on, the team at East Coast Sparkies s...

The Smart Way to Grow Online: SEO Management Sydney Businesses Can Rely On

If you’re a Sydney-based business owner, you already know the digital space is crowded. But with the right strategy, you don’t need to shout the...

What Your Car Says About You: The Personality Behind the Vehicle

You can tell a lot about someone by the car they drive—or at least, that’s what people think. True Blue Mobile Mechanics reckon the car says a l...

The Confidence Curve: Why Boudoir Photography Is the Empowerment Trend You Didn’t Know You Needed

Boudoir photography has been quietly taking over social feeds, Pinterest boards, and personal milestones—and for good reason. It’s not just abou...

Understanding Level 2 Electricians: Why Sydney Residents Need Licenced Experts for Complex Electrical Work

When it comes to electrical work around the home or business, not all electricians are created equal. In Sydney, particularly when you're dealing wi...

Retirement Anchored in Model Boat Building for Waterford’s Doug Unsold

WATERFORD — When Doug Unsold sees his ship come in, it’s usually one he’s crafted with his own hands. The 67-year-old retiree from Waterford ...

The Science Behind Alarm Clocks and Your Circadian Rhythm

Waking up on time isn’t just about setting an alarm—it’s about working with your body, not against it. At the heart of every restful night and...

How to Use Plants to Create a Calming Atmosphere in Your Home

In today’s fast-paced world, cultivating a calm, soothing environment at home has never been more important. Whether you live in a busy urban apar...

How Maths Tutoring Can Help Students Master Maths

Mathematics can be a daunting subject for many students, often causing stress and frustration. However, maths tutoring has proven to be an effective...

Refurbished iPads Are Better Than New Ones (Here's Why)

Image by rawpixel.com on Freepik Apple's refurbished iPad program has quietly become one of the best deals in tech. While everyone obsesses over the ...

Your Guide to Finding the Right GP: What Perth City Doctors Offer Today

Choosing a General Practitioner (GP) is one of the most important health decisions you’ll make. Luckily, Perth’s vibrant CBD now hosts a new ge...

Why Every Mining Operation Needs a Robust Safety Management System

Mining is one of the backbones of the Australian economy, particularly in Western Australia. Back in 2019-20, mining contributed 10.4% of Australiaâ...

Australian Classic Literature Enjoys Resurgence

Welcome back to the good old days of storytelling! As the modern world becomes increasingly more demanding, returning to childhood favourites offers...

How to Choose the Right Lawyers in Sydney for Your Situation

When faced with a legal issue, selecting the right legal representation can make all the difference. Whether you're dealing with a personal injury, ...

Building a Governance Model for Headless Content Management at Scale

Image by pch.vector on Freepik There's never been a better time to implement a headless content management system (CMS) to gain the flexibility and ...