ESG Reporting

Financial Reporting

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Sabrina has over 9 years of substantial experience in sustainability, climate and risk management advisory for Hong Kong listed companies, IPO applicants and asset managers, with a focus on ESG disclosure and compliance, ESG strategy and impact enhancement, sustainability governance, ESG and climate risk management, sustainable investment, decarbonization roadmap and ESG assurance.
Sabrina has been a reviewer for the Best Corporate Governance and ESG Awards (the “Award”) organized by the HKICPA since 2020, reviewing the ESG reports of listed companies. From 2023 onwards, she has also served as an organizing committee member of the Award, providing her professional ESG knowledge and insights to the judging criteria and process.
Her industry exposure includes automotive, healthcare and pharmaceutical, TMT, property, green and renewable energy, e-commerce, environmental solutions, manufacturing, RFID, luxury goods &amp; retail, financial services, hospitality, F&amp;B, apparel &amp; textile, logistics etc. across Hong Kong, Mainland China, Australia and other Asia Pacific regions.

SABRINA LAM

Director

Newly-Released ESG Guide Consultation Conclusions and ESG Disclosure Review by HKEX

Taking reference to compliance development of other stock exchanges, previous consultations, and years of corporate governance reports review results, HKEX would like to introduce a series of listing rules amendments. A consultation paper has been published in June2024 to collect market’s feedback. According to the consultation paper, except for the proposed amendment in relation to long serving independent non-executive director(“INED”) and overboarding with a three-year transition period starting January 2028, other amendments will take effect since January 2025. Most amendments are newly introduced practices, and thus companies are recommended to arrange resources promptly to prepare for the new compliance requirements by 2025.
 
<a href="../../../../../uploads/Amendments_to_the_Hong_Kong_Stock_Exchange_s_Corporate_Governance_Code_and_Related_Listing_Rules_V6_e6b9c5f6f4.pdf" target="_blank" rel="noopener">Read the summary now</a>
<a href="../../../../../uploads/Amendments_to_the_Hong_Kong_Stock_Exchange_s_Corporate_Governance_Code_and_Related_Listing_Rules_V6_e6b9c5f6f4.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/Screenshot_2024_06_26_at_10_47_11_AM_313be3145b.png" width="500" /></a>

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Amendments to the Hong Kong Stock Exchange's Corporate Governance Code and Related Listing Rules

The International Accounting Standards Board (“IASB”) has published the Exposure Draft on Business Combinations — Disclosures, Goodwill and Impairment (the “Exposure Draft”) in March 2024, proposing changes to IFRS 3 and IAS 36 to improve the information provide to investors in order to help investors better assess management’s decision to make an acquisition and the performance of that acquisition. Companies should pay attention to the potential impact of the Exposure Draft and ensure their compliance with the latest rules and disclosure requirements.
 
<a href="../../../../../uploads/IASB_Exposure_Draft_on_Business_Combinations_Disclosures_Goodwill_and_Impairment_V3_79e696e4f5.pdf" target="_blank" rel="noopener">Read the report now</a>
<a href="../../../../../uploads/IASB_Exposure_Draft_on_Business_Combinations_Disclosures_Goodwill_and_Impairment_V3_79e696e4f5.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/Publication_Cover_EN_181fce7bbb.png" width="500" /></a>

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IASB Exposure Draft on  Business Combinations — Disclosures, Goodwill and Impairment

The Stock Exchange of Hong Kong Limited (the “HKEX”) has published the Guide for New Listing Applicants (the “Guide”), effective from 1 January 2024, introducing the new chapter on prospectus disclosure requirements and guidance in relation to Corporate Governance and Environmental, Social and Governance (“ESG”) (Chapter4.3 of the Guide). Listing applicants should pay attention to the impact of the Guide on the contents of the prospectus, in order to timely assess and optimize the proposed listing timetable.
 
<a href="../../../../../uploads/HKEX_s_Latest_Prospectus_Disclosure_Requirements_on_Corporate_Governance_and_Environmental_Social_and_Governance_under_the_Guide_for_New_Listing_Applicants_V6_5de8f68b61.pdf" target="_blank" rel="noopener">Read the report now</a>
<a href="../../../../../uploads/HKEX_s_Latest_Prospectus_Disclosure_Requirements_on_Corporate_Governance_and_Environmental_Social_and_Governance_under_the_Guide_for_New_Listing_Applicants_V6_5de8f68b61.pdf" target="_blank" rel="noopener"><img src="../../../../../uploads/Screenshot_2024_01_19_at_6_41_52_PM_e6c9255108.png" width="500" /></a>

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HKEX’s Latest Prospectus Disclosure Requirements on Corporate Governance & Environmental, Social and Governance under the Guide for New Listing Applicants 