Net Zero & Nature Positive Theatre (Keynote)
Managing Climate Risk & Opportunities: Hong Kong’s Mandatory Disclosure
Day 1 : 11:25 – 12:15
The mix of reporting standards is becoming increasingly complex as the number of options increases. With sustainability as a critical global issue, governments, organizations, and investors focus on sustainability regulatory standards and mandatory disclosure. This session aims to shed light on the significance of sustainability standards, the evolving regulatory landscape, and the implications of mandatory disclosure for businesses and investors as new climate-related disclosures are required in Hong Kong by 2025.
During this session, we will explore the current state of sustainability regulatory standards and their impact on various industries. We will delve into the key frameworks and guidelines, such as the Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), and Corporate Sustainability Reporting Directive (CSRD), among others. By understanding these standards, delegates will gain insights into the expectations placed on organizations regarding sustainability performance measurement and reporting.
Throughout the session, we will hear from industry experts, and sustainability leaders who have first-hand experience navigating sustainability regulatory standards and their journey to mandatory disclosure. They will share their insights, best practices, and success stories, providing practical guidance to participants.
Learnings
- What is the evolving landscape of regulations and standards related to mandatory disclosure?
- What are the differences in the key regulatory frameworks and guidelines?
- What action must business take to ensure they are on track for mandatory disclosures?
Post-event Actions
- Gain insights into the expectations placed on organizations regarding sustainability performance measurement and reporting.
Speakers
Moderator
Ee Sin Tan
Partner, Assurance
EY
Ee Sin Tan
EY
Partner, Assurance
Ee Sin has more than 15 years of experience and currently leads both the Climate Change and Sustainability Services and Financial Accounting Advisory Services teams in Hong Kong.
He assists clients with navigating the risks and opportunities arising from sustainability issues. He supports clients with formulation of sustainability strategies and data management processes to meet regulatory requirements and address expectations of different stakeholders and help companies to align business models to sustainability development goals. He also provides advisory services to clients on building an efficient and effective finance function that addresses needs of stakeholders and evolving financial and compliance requirements including integrated reporting.
Ee Sin is a practising CPA of the Hong Kong Institute of Certified Public Accountant (HKICPA) and member of Institute of Singapore Chartered Accountants (ISCA). He also serves as a member of HKICPA’s Sustainability Committee.
Kelly Lee
Senior Vice President, Listing Division
Kelly Lee
Senior Vice President, Listing Division
Ms Kelly Lee joined HKEX in 2013. She works within the Policy and Secretariat Services Unit of the Listing Division, and has been involved in HKEX’s major listing policy and ESG initiatives in recent years. Ms. Lee is currently a member of the Sustainability Committee and the Sustainability Advisory Panel of the Financial Reporting Standards Committee of the HKICPA. Prior to joining HKEX, Ms Lee was a senior associate practicing corporate and securities law in Hong Kong.
Bing Leng
ISSB Member
IFRS Foundation
Bing Leng
IFRS Foundation
ISSB Member
Bing Leng was appointed as a full-time member of the International Sustainability Standards Board (ISSB) in June 2022, effective 1 July 2022.
He joins the ISSB from the Chinese Ministry of Finance where he was responsible for sustainability reporting initiatives. He initiated and led the implementation of several reporting-related programmes, including the development of digital taxonomies to enable electronic reporting, the revised financial instrument accounting standards and plans focused on digitising electronic payment vouchers and invoices.
Mr Leng was a member of the International Accounting Standards Board’s IFRS Taxonomy Consultative Group from 2019 to 2022 and a member of the Board of Directors of XBRL International from 2014 to 2020.
He is a Doctor of Management and has a Master of Accounting from Tianjin University of Finance and Economics in China.
Hendrik Rosenthal
Director – Group Sustainability
CLP Holdings Limited
Hendrik Rosenthal
CLP Holdings Limited
Director – Group Sustainability
Hendrik is responsible for the Group’s sustainability-related strategy, reporting and communications. He supports the senior management in sustainability and climate change-related risk management and advises on sustainability matters of the Group’s power business in the Asia-Pacific region.
With more than 20 years of experience in sustainability and environmental management across the public, private and NGO sectors, Hendrik previously led research and consulting projects in Canada, Hong Kong and Singapore.
Hendrik currently sits on a number of committees on sustainability-related matters, including as Director of the International Emissions Trading Association (IETA), Steering Committee member of the Climate Governance Institute Hong Kong Chapter, and an advisory panel member for the Hong Kong Institute of Certified Public Accountants (HKICPA), amongst others.