International Chamber of Sustainable Development (ICSD) Cocktail Reception and Research Paper Presentation Highlighting Key ESG Challenges for Small-cap Companies
- Written by International Chamber of Sustainable Development (ICSD)
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[2]
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
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.
https://www.icsd-global.org/[3]https://www.linkedin.com/company/international-chamber-of-sustainable-development/[4]https://www.facebook.com/ICSD.CEP[5]Youtube : https://www.youtube.com/@ICSDGLOBAL[6]
Hashtag: #ESG #SME #ResearchPaper #ICSD #WorldGreenOrganisation #HongKongInstituteofCircularEconomy
The issuer is solely responsible for the content of this announcement.
References
- ^ Media OutReach Newswire (www.media-outreach.com)
- ^ https://doi.org/10.1108/PAP-05-2024-0068 (doi.org)
- ^ https://www.icsd-global.org/ (www.icsd-global.org)
- ^ https://www.linkedin.com/company/international-chamber-of-sustainable-development/ (www.linkedin.com)
- ^ https://www.facebook.com/ICSD.CEP (www.facebook.com)
- ^ https://www.youtube.com/@ICSDGLOBAL (www.youtube.com)
Authors: International Chamber of Sustainable Development (ICSD)
Read more https://www.media-outreach.com/news/hong-kong-sar/2024/10/28/336751/
