In 2015, the Hong Kong Stock Exchange officially announced the decision to strengthen the Environment, Social and Governance Reporting Guide (the “ESG Reporting Guide”) by upgrading the General Disclosures from “recommended” to “comply or explain”, and emphasis the importance and effectiveness of directors’ responsibilities, ESG information disclosure and risk management control.
In response to this latest guide issued by the Hong Kong Stock Exchange as well as the increasing demand from our listed corporate clients on ESG advisory, Wonderful Sky Financial Group has established a joint venture, CECEP Environmental Consulting Group Limited, in 2016 with China Energy Conservation and Environmental Protection Group, the only state-owned company specializing in energy conservation and environmental protection businesses. Since its incorporation, the Company has demonstrated its outstanding industry expertise. With its solid shareholders base, excellent communication skills, strong background of sustainable development and professional onshore and offshore environmental advisory teams, the Company provides clients with customized advisory and consultation services on sustainable development solutions.
Currently CECEP Environmental Consulting Group’s business coverage includes ESG report advisory, ESG report verification, green finance services, green building rating and certification, ESG big data management and analysis, green and environmental tax solutions, environmental advisory services, etc. Our clients and partners include government authorities, various industry associations, domestic and foreign financial institutions and over 100 global renowned enterprises.