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21 Jun 2016

Hong Kong: Oxfam publishes report on Hang Seng Index (HSI) constituents' ESG disclosure, shows 1/3 of surveyed companies lagging behind

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"Oxfam published its ‘Survey on the Hang Seng Index (HSI) Constituents’ Environmental, Social and Governance (ESG)’...which reviews the 50 Hang Seng Index constituents’ ESG policies, practices and performance. It found that nearly a third of these companies lagged behind in these areas and fell in the ‘unstable’ category.

Through this survey, Oxfam aims to urge the private sector to enhance its ESG standards and integrate Corporate Social Responsibility (CSR) into its policies and operations. Oxfam believes companies should play a more active role in supporting the community at large and helping underprivileged people benefit from economic development as this would reduce poverty in the long run..."