Fuji Xerox (Hong Kong) and GRI Launch World’s First Global Standards for Sustainability Reporting in Hong Kong
Fostering a Community of Sustainability Businesses across Asia
HONG KONG, November 24, 2016 – Fuji Xerox (Hong Kong) Limited (Fuji Xerox (Hong Kong)) and GRI today launched the world’s first global standards for sustainability reporting, the GRI Sustainability Reporting Standards (GRI Standards) in Hong Kong. The event created an interactive platform for sharing best practices in fostering sustainable businesses. Fuji Xerox Operations in all Asia Pacific has jointly become the first GRI GOLD Community members in the industry earlier this year.
One of the officiating guests of the launch event, Mr. Wong Kam-sing, GBS, JP, Secretary for the Environment, Hong Kong Special Administrative Region Government delivered a keynote speech to highlight the importance of the new GRI Standards to Hong Kong. “Sustainability is a topic with broad socio-economic impacts that go well beyond environmental protection, and it should be integral to every organization's decision-making process,” said Mr. Wong. “I am pleased to welcome the introduction of GRI Standards to Hong Kong and would urge all business leaders to leverage these new standards to take action towards a more sustainable economy.”
GRI released the latest evolution of its disclosures in October 2016. GRI Standards have been developed through a robust multi-stakeholder process over 15 years. The Standards feature an improved format and new modular structure, and are based on the GRI G4 Guidelines (G4), the world’s most widely used sustainability reporting disclosures. The new GRI Standards definitively replace G4, which will be phased out by 1 July 2018.
The GRI Standards will enable companies around the world to be more transparent about their impacts on the economy, environment and society. The GRI Standards create a common language for companies to disclose non-financial information, helping them make better decisions and contribute to the United Nations Sustainable Development Goals. The Hong Kong launch event was organized by Fuji Xerox (Hong Kong), SGS Hong Kong Limited and GRI.
Since 2016, Hong Kong Exchanges and Clearing Limited (HKEX) has required all Hong Kong listed companies to submit Environmental, Social and Governance (ESG) report, or sustainability report. Nowadays, around 50% of listed companies have disclosed their ESG reports. The launch of new standard delivers sustainability to the next level. Fuji Xerox (Hong Kong) offers iESG platform to help businesses simplify the ESG reporting and management processes. iESG, the award winning solution, has recently been verified by an independent third party on the compliance with HKEX’s ESG disclosure requirements. To comply with the international requirement and standard, Fuji Xerox (Hong Kong) will introduce a solution that meets GRI Standards in near future. Dedicated to improving sustainability awareness and execution, Fuji Xerox (Hong Kong) will continue to support GRI for delivering sustainability initiatives to the Hong Kong market.
“Sustainability has always been in our company’s DNA,” said Ms. Debby Chan, Director of External Affairs and Operations Support, Fuji Xerox (Hong Kong). “Since Fuji Xerox (Asia Pacific) became the first GRI GOLD Community member in the document management and solutions field earlier this year, we felt even more obliged to elevate our commitment to sustainability. Therefore, we have created this opportunity for industry experts and the business community to share valuable insights and resources. We believe that it is only by working closely together that the business community can build a sustainable future.”
“The GRI Standards make it much easier for companies to report non-financial information, using a well-understood shared language,” said Eric Hespenheide, GRI’s Interim Chief Executive. “The Standards are more straightforward, making them accessible to potentially millions of businesses worldwide. Sustainability reporting, using the GRI Standards, is the best way for a company to disclose its economic, environmental and social impacts, thus providing insights into its contributions – positive or negative – towards sustainable development.”
The Hong Kong launch event featured speakers from SGS Hong Kong Limited who shared effective ways to enhance credibility in sustainability reporting, while Fuji Xerox (Hong Kong) and other sustainability experts from various sectors highlighted cases on sustainability reporting best practices and driving sustainable development goals through impact measurement and sustainability reporting.
Event photo 1: Hong Kong SAR Government Secretary for the Environment Wong Kam-sing, GBS, JP delivered a keynote speech to highlight the importance of the new GRI Standards to Hong Kong, urge all business leaders to take action towards a more sustainable economy.
Event photo 2: GRI Reporting Standard Director Bastian Buck introduced GRI Standards, which will enable companies around the world to be more transparent about their impacts on the economy, environment and society.
Event photo 3: (From left) Business Environment Council Board Member and Chairperson of the ESG Advisory Group Malini Thadani; Fuji Xerox (Hong Kong) External Affairs and Operations Support Director Debby Chan; GRI Reporting Standard Director Bastian Buck; Hong Kong SAR Government Secretary for the Environment Wong Kam-sing, GBS, JP; GRI GSSB Member Simeon Cheng; SGS Hong Kong China & HK Certification & Business Enhancement Senior Director Ben Tsang announced the launch of the world’s first GRI Sustainability Reporting Standards.
About Fuji Xerox (Hong Kong) Limited
Fuji Xerox (Hong Kong) Limited is your trusted information and communications technology (ICT) partner in providing leading Document Services and Communication. Established in 1964 and known formerly as Rank Xerox (Hong Kong) Limited, Fuji Xerox (Hong Kong) became part of Fuji Xerox Co. Ltd. in December 2000. It now has around 900 employees. The company provides leading-edge ICT specializing in document management consultancy to every industry through a full range of solutions and services from multifunction devices; production printing systems; document management and workflow software; to enterprise print services, document supply chain management and business process services. For more information about Fuji Xerox (Hong Kong), please call the customer support center on (852) 2513 2513 or visit the website: https://www.fujixerox.com.hk/.
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