The winners of HERA generally serve as benchmarks for other companies and are viewed as exemplary in sustainable business practices. HERA is a non-profit initiative. HERA is organized by Alaya Consulting, with Greeners Action as the beneficiary.

Tony Wong, organizer of HERA, stated: "With HKEX becoming more specific about the disclosure requirements under the comply or explain provisions, we believe it is critical to set the tone aiming to improving the reporting standard continuously."

After deducting administrative expenses, all entry fees will be donated to Greeners Action, a registered charity organization in Hong Kong promoting environmental protection.

Angus Ho, the Executive Director, stated: "The society is lacking information on ESG issues. It is time for corporates to strive for better disclosure on the above aspects. We believe the award will be able to encourage corporates to do so, as well as promote the industry standards and inspire innovative actions to tackle our environmental challenges."

The 2018 Hong Kong ESG Reporting Awards will be offered in 5 categories, including Best ESG Report, Excellence in GRI Reporting, Excellence in ESG Reporting for Non-listed Companies, Excellence in Environmental Disclosure and Innovative Front-runner. Participating organizations may submit entries in multiple categories. Entry submission deadline of HERA is 31 July.

Finalists will be announced on 31 August and the awards ceremony will be held on 20 September. HERA is open to all kinds of sustainability reporting, including Annual ESG Report, Integrated Report, and ESG Report within an Annual Report. Entries will be accepted for the most recent report published by an organization.

HERA is judged by an independent panel of experts including Angus Ho, executive director of Greeners Action, Dr. Yarime Masaru, associate professor of School of Environment and Energy at City University, Dr. K. K. Tse, co-founder of Dream Impact Hong Kong Limited, and Vincent Kong, sustainability manager of Sun Hung Kai Properties. Entries will be evaluated in three rounds based on criteria that include materiality, strategy, content, transparency, etc.

About HERA

Hong Kong ESG Reporting Awards is a not-for-profit initiative to recognize ESG reporting leaders in Hong Kong and to celebrate their best practices. Aiming to build trust among stakeholders, HERA welcomes applications from listed and non-listed companies in Hong Kong who follow exceptional practices in sustainability reporting. Please visit www.hkesgawards.com^[1] for further information and awards submission.

Media Contact:

HERA OrganiserMiu Wong / Regina Tai Tel: +852 3990 0794 / 0792Email: [email protected]^[2]

Topic: Press release summarySectors: Investors/Exchanges, Daily Finance, Daily News, Alternatives, Banking, Legal & Compliance^{[3][4][5][6][7][8]} http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

1. ^{^} www.hkesgawards.com (www.hkesgawards.com)
2. ^{^} [email protected] (www.acnnewswire.com)
3. ^{^} Investors/Exchanges (www.acnnewswire.com)
4. ^{^} Daily Finance (www.acnnewswire.com)
5. ^{^} Daily News (www.acnnewswire.com)
6. ^{^} Alternatives (www.acnnewswire.com)
7. ^{^} Banking (www.acnnewswire.com)
8. ^{^} Legal & Compliance (www.acnnewswire.com)