香港企业管治调查报告2025：共创明天：安全、智能与绿色披露

香港企業管治調查報告2025 Empowering Tomorrow : Secure, Smart, and Green Disclosures共創明天：安全、智能與綠色披露 Climate-related disclosuresand its early adoption Governance All large-cap HSCI companies have included aboard or equivalent for oversight ofclimate-related risks and opportunities. Strategy of the large-cap HSCI companies have disclosedclimate-related physical and transition risks. Risk Manageme of large-cap HSCI companies have describedtheir processes for identifying and assessingclimate-related risks and opportunities. Metrics & Targets of the large-cap HSCI companies have disclosedtheir Scope 3 GHG emission. of the large-cap HSCI companies engaged athird-party organisation to independently validatetheir ESG reports in 2024, represents a steadyimprovement of 8% compared to 2023. of the large-cap companies defined as exemplarydisclosure are from Properties & Construction. of the large-cap companies are considered asprogressing disclosure. of the large-cap companies are considered asexemplary disclosure. For companies mentioning green bond / greenfinance / ESG bonds, 88% have issued green bond /green finance / ESG bond. of large-cap HSCI company have mentioned greenbond / green finance / ESG bonds within its ESGreport in 2024. 10 company’s green finance size beyond50 billion HKD. of HSCI large-cap company address ITCybersecurity in their report in 2024, increase10% from last year. of HSCI Large cap company implemented, or haveplans on implementing AI related technologies inits operation relating to ESG Contents目錄 Page頁數 1. Executive Summary報告摘要112. Methodology方法143. Climate-related Disclosures and its Early Adoption19氣候相關披露及其先行採用措施4. ESG AssuranceESG驗證675. Climate-related Disclosure Scoring氣候相關披露評分766. Sustainable Finance可持續金融927. Technological Innovation, Green Computing and Cybersecurity101科技創新、綠色運算及網絡安全8. Looking Ahead展望未來1189. About Grant Thornton關於致同120 Executive Summary報告摘要 Grant Thornton Hong Kong is delighted to present the results of our14th annual Corporate Governance (“CG”) Review. With the updatesof the ESG Reporting Code on the Part D: Climate-related disclosures,large-cap HSCI companies will have time until 1 January 2026 beforethese requirements become mandatory disclosures. In this evolvingESG disclosure and regulatory landscape, it is now the time forHong Kong listed companies to seize the opportunity to level up andalign their direction to establish themselves as the leaders in theever-evolving sustainability market. Executive Summary報告摘要 致同香港欣然呈獻第十四次年度企業管治調查的結果。隨著《環境、社會及管治報告守則》第D部：氣候相關披露的更新，大型恒生綜合指數企業應把握於2026年1月1日前的時間，以應對有關要求將於屆時成為強制性披露的情況。在ESG披露與監管環境持續演進之際，香港上市公司應把握機遇提升層級和調整發展方向，以確立自身於不斷演變的可持續市場中的領導地位。 Partner, Advisory合夥人 - 諮詢Eugene Ha夏其才 2025年標誌著氣候變化與可持續發展的重要轉捩一年。隨著全球投資者與公眾對更全面與透明的ESG揭露需求日益上升，各地監管機構近年相繼推出監管框架與披露標準，其中多項框架和標準更將於2025年起正式生效。 2025 marks a pivotal year for climate change andsustainability. Driven by growing global demands frominvestors and the public for more comprehensive andtransparent ESG disclosures, regulatory framework, anddisclosure standards by regulators around the world werepushed out in recent years, with many taking effect from 2025onwards. 為配合有關全球趨勢，香港交易及結算所有限公司（港交所）已於2024年更新其《環境、社會及管治報告守則》（前稱《環境、社會及管治報告指引》），新增《D部：氣候相關披露》章節。根據最新披露要求，香港發行人須於2025年1月1日或之後開始的財政年度，以「不遵守就解釋」基礎遵守氣候相關披露規定；而大型發行人企業則須於2026年1月1日開始的財政年度起強制披露氣候相關資訊。鑑於相關披露時間緊迫，我們已於本年度審查中檢視了大型恒生綜合指數企業的氣候相關披露的現行披露實務。我們亦實施評分系統，將屬於ESG披露典範的成份股公司與尚處於ESG發展較早期的成份股公司進行對比，藉此分析當前預早採用的比率，以衡 To align with these global efforts, the Hong Kong Exchangesand Clearing Limited (HKEX) has pushed out the updates for itsESG Reporting Code (formerly ESG Reporting Guide) in 2024,introducing the newest Part D: Climate-related disclosures.Under the newest disclosure requirements, issuers in HongKong will have to comply with the climate-related disclosurerequirements on a “comply or explain” basis for the financialyear starting on or after 1 January 2025, with mandatoryclimate-related disclosures required for large-cap issuers onthe financial year starting from 1 January 2026. With regardsto the tight timeline for such disclosures, we have examined 量大型恒生綜合指數企業邁向2026年強制性要求合規的目前進展。此外，我們亦已揭示了大型恒生綜合指數企業在披露敏感財務與營運資訊時，相較於其他氣候相關披露類別可能面臨的挑戰或關注，並指出香港與全球其他地區在此方面的差距。 安全標準與最佳實踐的情況，以及其透過包括滲透測試等主動參與資訊科技安全評估，以應對日益嚴峻的網絡攻擊的威脅。最後，我們探討了將於2026年1月1日生效的香港《保護關鍵基礎設施（電腦系統）條例草案》的影響。該草案的影響將涵蓋如能源、運輸、醫療保健及金融等領域，強制要求更強的網絡安全與合規措施。不合規者將面臨營運、財務及聲譽受損的風險，而主動措施則能提升適應性與信任。 companies highlighted the current adoption rates of AI in ESGdisclosures processes among them.However, the growingreliance on advance technologies also raises significant publicconcerns about IT security, privacy and digital rights. Thisyear, our analyses focus on the awareness levels of large-capHSCI companies regarding data security and digital rights,their adherence to IT Security Standards and Best Practices,and their proactive engagement in IT Security Assessments,including penetration testing, to counter the rising threatsof cyberattacks. Finally, we explored the implications