Overview
In recent years, consumers have growing awareness to Environmental, Social, and Governance (ESG) practices, alongside tightening global sustainability regulations. Companies need to strategically monitor and optimize their environmental footprint, social contributions, and internal governance. While pursuing profits, companies can also enhance brand value and contribute to sustainable development. Effective ESG strategies not only drive corporate transformation and upgrading but also shape efficient, future-ready business models, unlocking sustainable opportunities.
Environment:
Climate Change, Natural Capital, Pollution & Waste, Environment Opportunities
Social:
Human Capital, Product Liability, Stakeholder Opposition, Social Opportunities
Environment:
Climate Change, Natural Capital, Pollution & Waste, Environment Opportunities
Dedicated to supporting companies in promoting corporate sustainability, GS1 Hong Kong introduced the “Quality Food Scheme ESG” in 2024. Expanding this vision for multiple industries this year, GS1 Hong Kong has established the “Environmental, Social, and Governance (ESG) Scheme”. By referencing the MSCI ESG Indexes* and the United Nations Sustainable Development Goals (UN SDGs)**, the Award encourages businesses to put effort into ESG practices.
* MSCI ESG Indexes: http://bit.ly/47vsvfd
**United Nations Sustainable Development Goals (UN SDGs): http://sdgs.un.org/goals
Benefits & Entitlements
-Receive a full report to help enterprises enhance ESG management, thereby enhancing competitiveness.
-Entitled to use the ”ESG Scheme” logo in marketing materials for 12 months.
-Publicity and partnership opportunities, and tickets to the yearly award presentation ceremony.
-One certificate and one trophy.
Categories
Achievement
Encourage enterprises to prioritize sustainability to meet consumers’ needs for health and sustainable development, ultimately meeting environmental, social, and corporate governance (ESG) requirements and the United Nations Sustainable Development Goals (UN SDGs).
Tech & Innovation
Recognises companies that leverage innovative technologies to promote ESG strategies, thereby addressing the rapidly changing consumption patterns and seize sustainable business opportunities in a dynamic market.
Enchancement
Encourages companies to create clear development roadmap and medium- to long-term ESG visions, committing to ESG planning and management for resilient execution amid future changes.
Assessment/Judging
1) Assessment Criteria
Reference to GS1 GTS, MSCI ESG Indexes, UN SDGs & GHG Protocol.
2) Scoring System
The ESG scoring system refers to GS1 GTS, MSCI ESG Indexes, United Nations Sustainable Development Goals (UNSDGs) & GHG Protocol, etc. Total score 1 - 100 (100%).
Eligibility & Application Method
Application Method and Payment Method
-Complete and send your application form by post or in-person to GS1 Hong Kong. (22/F. OTB Building, 160 Gloucester Road, Wanchai, Hong Kong);
-The fee should be settled by a crossed check payable to “GS1 Hong Kong Limited’ in 14 days after submission of the application form;
-Please write your company name, contact person and contact no. on the back of the check and post to GS1 Hong Kong office;
-The application fee for ‘ESG Scheme Achievement’ is HK$8,000;
-The application fee for ‘ESG Scheme Tech & Innovation’ is HK$8,000;
-The application fee for ‘ESG Scheme Enhancement’ is HK$9,800;
-All fees are non-refundable and non-transferable.