Elegance Financial Communications Successfully Organized
 ESG Reporting Seminar 
Experts shared latest HK corporate ESG Reporting performance 

(December 12, 2022, Hong Kong) – Elegance Financial Communications Limited (“EFC”), a wholly-owned subsidiary of Cornerstone Technology Holdings (Stock Code: 8391.HK), embraces the capital market’s ESG boom by successfully organizing the first live "ESG Reporting Seminar – Create the best impact for your business and the world". The forum invited six professionals with knowledge of corporate social responsibility from different fields to present their insights on the latest ESG trends.  The panelists analyzed the most recent ESG report performance and rating analysis of Hong Kong listed companies and discussed their views on the ESG report. They also shared their successful ESG strategies, outlook, explored the industry trends, and conversed with corporate management about opportunities created by the development of ESG regulations. 

Mr. Cyrus Chueng, Partner, ESG Disclosure & Consulting of PwCshared his professional perspective and experience on "ESG reports rating criteria and the importance of independent assurance." He stated, “The accuracy of ESG data is extremely important. Although the Stock Exchange of Hong Kong (SEHK) does not require companies to submit their data to third-party organizations for validation at this moment, it is believed that this will be required in the near future. Companies who prepare now and have their data evaluated will have an advantage in being able to take the necessary steps to ensure they have a strong ESG ranking. To date, SCI ESG ratings and the Dow Jones Sustainability Indices (DJSI) ratings are the preferred indices used by investors. 

Mr. Roy Fan, Head of Sustainability, Climate Change & ESG Services of SWCS Corporate Services Group (Hong Kong) Ltd pointed out that the "pain point" that most affects listed companies’ ESG scores, and which is also of concern to the SEHK, is the board of directors’ level of involvement. He suggested that the board should include more ESG-related items on its agendas, provide its members more ESG-related training, and establish quantifiable ESG goals to enhance a company’s investment value and transparency. 

In today’s technological era, big data is a highly significant to companies overall strategy.  Big data can also be beneficial in helping companies develop their ESG strategy. Ms. Lavin Yeung, Head of Business Development & Marketing of ESG Matters, a ESG data platform, mentioned that, “Using a digital platform to process ESG data allows for real-time charts and graphs that clearly show the data year-on-year variations. It also provides preliminary analysis and insights into the data, helping companies to have a clearer direction when preparing their ESG reports. Most importantly, the digital platform is frequently updated in accordance with SEHK regulations which saves businesses a ton of time and administrative effort.” 

To stand out from the crowd of ESG reports and to promote your company's image on online platforms requires innovative ideas. Ms. Patt Yuen, Chief Operating Officer of Elegance Financial Communications, said, “Using different colours and carefully crafted designs and diagrams help to make a complex report more readable and interesting.” She also gave advice on how to effectively use social media, such as scheduling the development of a company’s image and how to easily gather information for the ESG Annual Report. 

In order for businesses to understand how simple it is to develop internal ESG programs, Dr. Raymond Wong, General Manager of Baguio iRecycle Ltd, provided an overview of the variety of ESG services that companies can easily implement, including sustainable sourcing, developing pertinent policies, applying for SDG Mark certification for sustainable products, and using sustainable sourcing platforms. 

With over 10 years of experience in writing ESG reports, Yip's Chemical Holdings Ltd(0408.HK) believes that ESG reports can create more brand value for a company. "Aside from the recognition of receiving an award for a strong ESG ranking, a valuable benefit is the positive impact on the company's brand building and reputation as well as increased exposure. The Group has set its sights “Towards a Century of Revered Leadership”, which is highlighted on the ESG report every year.  The ESG report also emphasizes the brand values and vision, which gives investors and employees a deeper understanding of the company," said Ms. Candy Chan, Manager, Investor Relations and Corporate Communications. 

- Ends - 

Photo of organizers and panelists (from left):

Mr. Cyrus Chueng, Partner, ESG Disclosure & Consulting of PwC;Ms. Candy Chan, Investor Relations and Corporate Communications Manager of Yip's Chemical Holdings Ltd;Dr. Raymond Wong, General Manager of Baguio iRecycle Ltd;
Ms. Patt Yuen, Chief Operating Officer of Elegance Financial Communications;
Ms. Lavin Yeung, Head of Business Development & Marketing of ESG Matters;
Mr. Roy Fan, Head of Sustainability, Climate Change & ESG Services of SWCS Corporate Services Group (Hong Kong) Ltd 

Photo of organizers and panelists in panel session(from left):

Dr. Raymond Wong, General Manager of Baguio iRecycle Ltd; Ms. Candy Chan, Investor Relations and Corporate Communications Manager of Yip's Chemical Holdings Ltd; Mr. Roy Fan, Head of Sustainability, Climate Change & ESG Services of SWCS Corporate Services Group (Hong Kong) Ltd; 
Mr. Cyrus Chueng, Partner, ESG Disclosure & Consulting of PwC;
Ms. Patt Yuen, Chief Operating Officer of Elegance Financial Communications

 
About Elegance Financial Communications (EFC)  

Elegance Financial Communications is a wholly owned subsidiary of Cornerstone Technologies Holdings Limited (stock code: 8391.HK). The Company has been in business for over 40 years and is a one-stop provider of financial printing and communications solutions services. As one of the first financial printing companies to embrace the development of green reforms in the financial market, the company has upgraded to eco-friendly printing technologies. The company is an advocate for innovative green-finance communication concepts such “digital intelligence” and “low-carbonization”. It also provides ESG report production & disclosure consultation and digital financial communication services. The Company is a professional, innovative, sustainable and leading financial communication company that helps clients create their own unique brand and efficiently navigate market changes. 

 This press release is distributed by LBS Communications Consulting Limited.  

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