|
| Thursday, 23 May 2019, 10:30 HKT/SGT | |
| |
|
|
|
HONG KONG, May 23, 2019 - (ACN Newswire) - Alaya Consulting, a leading ESG Advisory in Hong Kong, announces its long-term Greenhouse Gas (GHG) emission reduction target has been approved as a Science Based Target (SBT) by the Science Based Target initiative (SBTi). Of the 554 global companies that have committed to setting SBTs, 210 companies have received approval of the SBTi, which include only 10 professional services firms worldwide. Alaya Consulting is the first ESG reporting advisory firm in Asia to have an SBT approved by the SBTi.
To qualify for an approved SBT, Alaya's carbon reduction strategy was required to demonstrate its alignment with the Paris Agreement (the 2-degree Celsius commitment), meeting a set of stringent sector-based emissions reduction targets for Scope 1, 2 and 3 emissions.
Alaya's SBT goal states: "Alaya Consulting commits to reduce scope 1 and 2 GHG emissions 47% per m2 by 2023 from a 2017 base year. Alaya Consulting also commits to reduce absolute scope 3 GHG emissions 7% by 2023 from a 2017 base year."
Tony Wong, founder of the firm, stated: "We are proud that SBTi has approved our target. As an ESG advisory, we recognize the importance of being a part of the solution. In the wake of more stringent disclosure requirements on climate change proposed by The Stock Exchange of Hong Kong (HKEX) and the increasing scrutiny by institutional investors on carbon risk in their portfolios, Hong Kong listed companies have to step up their efforts in terms of identifying and managing risks and opportunities related to carbon.
"By setting our own carbon reduction targets, we aim to show by example to corporates in Hong Kong and China how they can contribute to a sustainable environment for business and for future generations."
SBTi is a collaboration between CDP, the UN Global Compact, the World Resources Institute and the World Wide Fund for Nature. It defines and promotes best practice in science-based target setting and independently assesses and approves companies' targets.
Targets adopted by companies to reduce greenhouse gas emissions are considered "science-based" if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.
About Alaya Consulting
Alaya Consulting is an ESG advisory focusing on ESG reporting, pre-assurance, and training. We are Certified Training Partner and Data Partner of the Global Reporting Initiative for Hong Kong, and are an AA1000 Licensed Assurance Provider.
For further information:
Tony Wong / Cameron Xie
Tel: +852 3990 0793 / 0791
Email: tonywong@alayaconsulting.com.hk / cameronxie@alayaconsulting.com.hk
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Q2 Metals Announces Assay Results from Its 2023 Inaugural Drill Program at the Mia Lithium Property, James Bay Territory, Quebec, Canada
Apr 25, 2024 19:09 HKT/SGT
|
|
|
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Thursday, April 25, 2024 5:21:00 PM
|
|
|
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park 
Thursday, April 25, 2024 4:45:00 PM
|
|
|
8 in 10 Singapore businesses experienced more change in last 4 years than previous two decades: HubSpot Research
Apr 25, 2024 16:00 HKT/SGT
|
|
|
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Thursday, April 25, 2024 3:50:00 PM
|
|
|
Toyota Exhibiting at Beijing Motor Show 2024
Thursday, April 25, 2024 3:25:00 PM
|
|
|
CITIC Telecom CPC Becomes New VMware Cloud Service Provider Pinnacle Tier Partner in the Broadcom Advantage Partner Program
Apr 25, 2024 13:07 HKT/SGT
|
|
|
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Thursday, April 25, 2024 10:10:00 AM
|
|
|
Elevate Your Sleep Game This World Health Day with LAC
Apr 25, 2024 09:00 HKT/SGT
|
|
|
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Thursday, April 25, 2024 8:00:00 AM
|
|
|
|
|
More Press release >> |
|
|
|
