Governance matters in ESG because it’s the “operating system” that makes the E and the S real . Good governance ensures that sustainability is not a slogan but a set of decisions, controls, incentives, and accountability mechanisms that actually influence behaviour. Governance turns intent into action. Environmental and social commitments mean nothing without decision‑rights, data controls, and consequences. Governance allocates accountability. Someone must own the risk,

Below is a high level & structured summary of the key reporting principles under the Hong Kong Stock Exchange (HKEX) Environmental, Social and Governance (ESG) Reporting Guide , which forms part of Appendix 27 (Main Board) and Appendix 20 (GEM) of the Listing Rules for listed companies. HKEX ESG Reporting Guide — Overview The ESG Reporting Guide sets out the disclosure framework for all listed issuers on the HKEX. It became mandatory to comply with “comply or explain” p

1. What Is COSO? COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission — an independent U.S. private‑sector initiative founded in 1985 by five key professional associations: AICPA (Accountants) FEI (Financial Executives International) IIA (Internal Auditors) IMA (Management Accountants) AAA (Accounting Academics) COSO’s Purpose COSO develops frameworks to improve: Internal control Enterprise risk management (ERM) Fraud deterrence Corpora

While the terms "sustainability" and "ESG" are often used interchangeably, they represent distinct but related concepts. Little summary breakdown of their differences: 1. Sustainability Definition: Sustainability is a broad concept referring to the ability to maintain or endure something over the long term. In a business context, it involves meeting present needs without compromising the ability of future generations to meet their own needs. It encompasses environmental, s