Environment, Social and Governance (ESG) implementation does not only impact large enterprises, but also SMEs under the shifting business paradigm and regulatory approach. It is essential for SMEs to take early actions to adapt to new business environment and social expectations. The Hong Kong Government also released the “Hong Kong’s Climate Action Plan 2050” with the goal and strategies of achieving carbon neutrality locally, which will set the scene for local industrial and commercial sectors. As a relatively carbon-intensive sector, manufacturing SMEs must consider early investment on green transformation to cope with the expectations from client side. This session will discuss good practices and challenges of manufacturing SMEs in implementing ESG, and the strategies in enhancing business resilience and competitiveness effectively with limited resources.
How do manufacturing SMEs implement ESG strategies and what are the challenges?
What are the drivers that lead manufacturing SMEs to invest in ESG? How will these drivers develop in the near future?
How can manufacturing SMEs effectively invest in ESG with their resources to optimize return for the company?
Examples of good practices of SMEs effectively integrating ESG objectives into daily businesses.
Post Event Actions
Administrations worldwide will take concrete actions for sustainable development goals and change the way of doing business. Brands will exert greater pressure on suppliers in implementing ESG. Hong Kong manufacturers must take earlier considerations.
Understand how manufacturing SMEs engage in green transformation to contribute to carbon neutrality and become more resilient and competitive
Gain insight of ESG beyond the “environment” aspect and understand how Social and Governance improvements could add value to businesses
How manufacturing SMEs can implement ESG with limited resources, and rethink their actions to sustain corporate competitiveness