Independent Assurance on Environmental, Social and Governance (ESG) Reporting – A Case Study of Hong Kong

18 Pages Posted: 19 Feb 2019

See all articles by C.M. Miles Ko

C.M. Miles Ko

The University of Hong Kong; School of Business, Hong Kong Baptist University

Date Written: February 18, 2019

Abstract

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

Ko, Chi Ming, Independent Assurance on Environmental, Social and Governance (ESG) Reporting – A Case Study of Hong Kong (February 18, 2019). Available at SSRN: https://ssrn.com/abstract=3336656 or http://dx.doi.org/10.2139/ssrn.3336656

Chi Ming Ko (Contact Author)

The University of Hong Kong ( email )

Pokfulam Road
Hong Kong, Pokfulam HK
China

School of Business, Hong Kong Baptist University ( email )

Renfrew Road 34
Kowloon Tong
Hong Kong

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