推动变革：香港上市公司关键行业的气候披露与未来之路

Driving Change Climate Disclosure of Hong Kong Listed CompaniesinKeySectorsandtheRoadAhead Food&Beverage Transportation&Automobile ForewordForeword The need to address climate change has never been more urgent. As the world faces the challenges of awarming planet, the private sector plays a key role in driving the shift to a low-carbon future. Businessesmust adopt robust climate disclosures and transition plans to effectively communicate their decarbonisationefforts and adapt their operations to navigate the rapidly changing climate-driven business environments.Transparency is essential to fostering sound and efficient capital markets and shaping corporate behaviourand climate actions.The neecl to address climate change has never been more urgent. As the world faces the challenges of awarming planet, the private sector plays a key role in driving the shift to a low-carbon future. Businessesefforts ancl adapt their operations to navigate the rapidly changing climate-driven business environments.Transparency is essential to fostering sound and efficient capital markets and shaping corporate behaviourand climate actions. Hong Kong Special Administrative Region (HKSAR), as part of China, is closely tied to the broader Chineseeconomy. In recent years, both HKSAR and mainland China stock exchanges have introduced mandatoryEnvironmental, Social, and Governance (ESG) reporting, aligned with the government’s carbon neutralityagenda.WhilebusinesseshaveenhancedtheirESGdisclosures,accuratelymeasuringandreportingemissions—especially Scope 3—remains challenging, particularly for companies with complex value chains.According to Hong Kong Exchanges and Clearing Limited (HKEX) 2024 Analysis of ESG practice Disclosure,the reporting rate of Scope 3 was only 50% for large-cap issuers.Hong Kong Special Administrative Region (HKSAR), as part of China, is closely tied to the broader Chineseeconomy. in recent years, both HKSAR and mainland China stock exchanges have introduced mandatoryEnvironmental, Social, and Govermance (ESG) reporting, aligned with the government's carbon neutralityagenda. While businesses have enhanced their ESG disclosures, accurately measuring and reportingemissions—especially Scope 3—remains challenging. particularly for companies with complex value chains.According to Hong Kong Exchanges and Clearing Limited (HKEX) 2024 Analysis of ESG practice Disclosure,the reporting rate of Scope 3 was only 50% for large-cap issuers This paper,"Driving Change: Climate Disclosure of Hong Kong Listed Companies in Key Sectors and the RoadAhead"is timely, as HKEX has started the implementation of the new climate-related disclosure requirementsin January 2025. These new requirements highlight the growing demand for transparent and comprehensiveclimate reporting and the need for listed companies in HKSAR to align with global standards. This paperfocuses on six sectors that shape our everyday lives, including Apparel, Food & Beverage, Home Products,Hospitality, Logistics, and Transportation & Automobile. These industries operate with complex, multifacetedsupplychains,presentingdistinctchallengesandopportunitiesastheyundergothelow-carbontransformation.This paper, 'Driving Change: C&mate Disclosure of Hong Kong Listed Companies in Key Sectors and the RoodA/head* is timely, as HKEX has started the implementation of the new climate-related disclosure requirementsaded su splepuers (eqo6 uije o vs u sauedon pas oy paau r pue uuoda arepin January 2025. These new requirements highlight the growing demand for transparent and comprehensivefocuses on six sectors that shape our everyday lives, including Apparel, Food & Beverage, Home Products,supply chains, presenting distinct challenges and opportunities as they undergo the low-carbontranstormation. By embracing robust climate disclosure and aligning their business strategies with science-based carbonreduction targets, companies can not only future-proof their operations, but also unlock new avenues forsustainable growth and innovation throughout their value chains.By embracing robust climate disclosure and aligning their business strategies with science-based carbonreduction targets, companies can not only future-proof their operations, but also unlock new avenues forsustainable growth and innovation throughout their value chains Boris Chan,Head of Institutional Banking Group, DBS Hong KongBoris Chan, Heod of Institutional Banking Group, DBS Hong Kong Collaboration and shared knowledge in the world of business is key todriving innovative and impactful changes. The road to 2050 net zero isstill a long way to go, and this transition needs to be responsible, just,and pragmatic. It may be tough, but it is definitely possible when we joinhands together. DBS is committed to adding our strength to yours alongthis journey.“Collaboration and shared knowtedge in the world of business is key todriving innovotive and impoctful changes, The rood to 2050 net zero issn/arqisodsa/ aq oy spaa