Excellent ESG Recognition Scheme

The “Excellent ESG Recognition Scheme” has been established to acknowledge companies that are held in high regard for their outstanding performance and ability to create a positive impact in terms of environmental, social, and corporate governance (ESG) factors, as well as institutions that excel at integrating ESG elements into their investment decision-making process. By launching this annual programme, Hong Kong Economic Times aims to recognise the efforts and contributions of enterprises in promoting ESG principles, and share examples of best practices across different industries.

AI Drives ESG: Enhance and Expand Sustainability

To tackle the urgent global challenges of climate change, unequal access to health care and education, and uneven distribution of food, more innovative and groundbreaking solutions are needed. Consequently, the rapid advancement of artificial intelligence (AI) has emerged as a critical tool in addressing these issues. The application of AI in various sectors, particularly in ESG (Environmental, Social, and Governance), has been a major trend around the world. The notion “AI x ESG” is becoming more popular and certainly drawing attention from many elite members in our society. As ESG investment gains increasing popularity, the act of greenwashing is also on the rise. To counter this trend, many financial institutions and investment banks are now turning to AI to meticulously process and analyse vast amounts of ESG data, in order to identify and filter out any potential instances of greenwashing. This can ensure that the performance and impact of ESG initiatives are properly evaluated, leading to greater efficiency in achieving the goals.

Aims & Objectives:

• Acknowledge companies for their outstanding performance in terms of environmental, social and corporate governance (ESG) factors.

• Recognise institutions for their efforts in integrating ESG elements into their investment decision-making process.

• Highlight funds with excellent performance in ESG investment.

• Encourage industries to continue to strengthen ESG reporting and analysis.

• Establish best practices in different industry sectors.

• Promote green economy among businesses.