Sing Tao News Corporation (1105), the parent company of The Standard, has signed a Memorandum of Understanding with the Hong Kong Polytechnic University on Friday, expecting to work together and launch an environmental, social, and governance certification scheme to assess companies’ sustainable performances.
The media group and the university will also roll out a series of activities including seminars and training to promote ESG awareness and practices in the city, according to a statement.
“To partner up with PolyU, the certification scheme is aimed at recognizing firms that have made outstanding contributions in the field of ESG and provide further advice for businesses to improve sustainable performances,” Sing Tao’s co-chief executive Cai Jin said at a signing ceremony.
Founded in 2015, the Center for Economic Sustainability and Entrepreneurial Finance at PolyU has received several fundings from the Commerce and Economic Development Bureau to provide ESG and green finance advice to corporations.
This came as the city is striving to enhance its competitiveness as a green and sustainable financial center.
In April, Hong Kong Exchanges and Clearing (0388) released a consultation paper, suggesting that all listed issuers be mandated to disclose climate-related information within their ESG reports.
