Press Release

TÜV SÜD Teams with German Chamber of Commerce, Hong Kong to Help Companies Improve Their ESG Ratings Through Quality Information Disclosure

TÜV SÜD and the German Chamber of Commerce, Hong Kong recently held an online seminar on how to improve ESG ratings through quality information disclosure. Mr. Jinsong Yang, ESG Technical Expert and Project Manager at TÜV SÜD, explained the importance of ESG ratings and how to improve corporate performance with them. He also answered questions concerning  sustainability from participants.

Mr. Yang Jinsong from TÜV SÜD shared "How to Improve ESG Ratings through Quality Information Disclosure" online

ESG ratings refer to the quantitative scoring of enterprises' performance in environmental, social and governance dimensions. A sound ESG information disclosure system helps to better show a company’s credit quality and guide social capital to move towards high-quality enterprises. Disclosing ESG-related information is crucial, but many companies fail to recognize this and lack the willingness to disclose it. Thus, Jinsong Yang from TÜV SÜD shed light on how companies can optimise their ESG information system to disclose ESG-related information properly and improve their ESG ratings. 

Mr. Weilin Chung, Senior Manager of German Chamber of Commerce, Hong Kong said: "As an international financial centre, Hong Kong has attracted many German-funded enterprises to set up branches or offices here. More and more funds or investors refer to corporate ESG ratings before making investment decisions. In the new ESG Guidelines issued by the Hong Kong Stock Exchange on 18 December 2019, listed companies are encouraged to seek third-party assurance services. TÜV SÜD's sharing helped local German companies in Hong Kong understand the importance of ESG ratings and improve their reported rating." 

Mr. Yang Jinsong added: "Although a unified ESG evaluation standard has not yet been established at home and abroad, enterprises can choose a rating system suitable for them based on their development conditions, clarify the causal relationship between rating results and their sustainable development level, and substantively improve their sustainable development management with the help of the rating." 

By this seminar, TÜV SÜD helped German companies based in Hong Kong understand ESG ratings and enabled clients to improve their ESG management and achieve long-term sustainable development. It is a recognized provider of one-stop technical solutions for sustainability covering ESG Identification, assessment and management of major risks and opportunities, construction of SDG indicator system, training on sustainable development management system construction and information disclosure standards, sustainable development/CSR/ESG Report preparation workshops, special projects of ESG Performance Enhancement Services (MSCI, S&P, CDP, EcoVadis, etc.).