Independent Assurance on Environmental, Social and Governance (ESG) Reporting – A Case Study of Hong Kong
18 Pages Posted: 19 Feb 2019
Date Written: February 18, 2019
This paper aims to study the reliability and credibility of information disclosed in the Environmental, Social and Governance (ESG) report. ESG reporting is mandatory for all listed companies in Hong Kong and other countries in recent years; however, independent assurance on ESG reports is voluntary and there are a small portion of companies engaged in independent assurance provider and therefore, most of the companies may not disclose the holistic picture of what they are actually performed, i.e. green-washing, especially when the results on environment and society is negative. This is a qualitative case study based on comparative case study analysis of other countries through macro-level, i.e. government authorities to micro-level, i.e. external assurance provider. First, theoretical concepts regarding determinants of assured ESG reporting will be studied. Second, current literature, journal articles, reports from Big 4 and other accounting firms and websites from stock exchange and other relevant agency etc. will be investigated. Finally, a conclusion and recommendation based on the findings in this study will be drawn.
Keywords: Independent Assurance, Environmental, Social and Governance (ESG) Reporting
JEL Classification: M14, M42, Q56, G34
Suggested Citation: Suggested Citation