HSBC Banks has joined hands with Dun & Bradstreet (D&B) to support businesses in Hong Kong to enhance their resilience and competitive edge through ESG reporting.
D&B is a global provider of business decision data and analytics. Its ESG-registered service helps businesses demonstrate their adherence to global ESG standards.
As a part of the partnership, HSBC will refer interested clients to D&B, and eligible clients will be able to benefit from D&B’s service at a reduced service fee. The collaboration focuses on helping smaller enterprises identify relevant ESG issues, understand applicable frameworks, and gather necessary data for reporting.
Once businesses complete the industry-benchmarked ESG self-assessment they will receive an ESG rating, data performance indicators, and the D&B ESG Registered badge, allowing them to showcase their ESG credentials. The self-assessment aligns with standards like SASB, GRI, and the UN SDGs.
Andrew Wu, general manager of D&B China said, “We are privileged to collaborate with a pre-eminent bank such as HSBC in Hong Kong to deliver ESG awareness and solutions for the local business community. This initiative will enable local businesses to understand and disclose their ESG performance in accordance with international standards, which is becoming increasingly critical for businesses to gain a competitive edge. This is particularly important when it comes to engaging with investors, financiers, clients, and all stakeholders.”
D&B’s Data Cloud includes information on over 550 million organisations globally, with ESG data on nearly 80 million public and private businesses, including over 90,000 in Hong Kong.
