nD Blockchain for ESG Reporting
The introduction of the Environmental, Social and Governance (ESG) Reporting Guide (Guide) by HKEX in 2013, and the subsequent upgrade of the Guide’s reporting obligation to “comply or explain” in 2016, have significantly moved the dial for Hong Kong issuers’ ESG reporting. However, ESG reporting faces many bottlenecks, including data authenticity, consistency, and transparency. Professor Huang’s team developed an IoT- and blockchain-based platform to upgrade the ESG reporting industry.