Our clients represent a variety of sectors including energy, medical devices, biotechnology, chemical industry, finance
We work with companies that have global operations, as well as smaller companies with operations at a single facility.
With our international experience, we tailor our consulting services to meet the needs of our clients, irrespective of where they operate.
AAC TECHNOLOGIES HOLDINGS INC.
Raising MSCI ESG Rating and the Bloomberg ESG Score
AAC Technologies develops and manufactures solutions to enhance user experience of smart mobile devices. When it came to Alaya for support, AAC had already published its first sustainability report, and even had an impressive array of CSR initiatives across its businesses. But challenges remained – how could it ensure its disclosure met not just local, but even globally recognised standards? And most importantly, how could its improved efforts be reflected fairly for ESG-focused institutional investors?
Communication is the key. To help AAC Technologies develop a truly inclusive strategy, we conducted in-depth interviews with both senior leaders and external stakeholders. These interviews helped pinpoint key sustainability issues for AAC Technologies and shed light on the materiality and potential of their diverse sustainability initiatives across education and training, community engagement, environmental management, ethics
With a comprehensive and inclusive strategy to substantively articulate its diverse sustainability programs and a disclosure framework that closely aligns with the GRI and HKEX, we managed to help AAC produce an award-winning sustainability report that accurately reflects the scale and scope of its efforts. Our approach successfully raised the company’s MSCI ESG rating and Bloomberg ESG score to top 10 in Hong Kong.
As the global market leader in the container manufacturing industry, CIMC decided on a reporting strategy that would communicate both a local as well as global approach to sustainability, encompassing its diverse business lines at the same time. The challenge was two-fold: Firstly, as a company listed on both the Hong Kong and Shenzhen stock exchanges, careful consideration was needed to ensure full compliance with both, whilst satisfying global standards at the same time to ensure international outreach. Secondly, given the number of its subsidiaries around the world, data collection for reporting was also a challenge that had to be addressed.
We conducted materiality assessments to understand which sustainability issues presented the greatest risks and opportunities, as well as how each business could contribute. This included identifying key areas for improvement (such as human rights policy), understanding key performance indicators, highlighting new metrics to track and disclose, and establishing realistic commitments. We also provided
To craft a report that ensured local relevance, we not only conducted a thorough analysis of disclosure requirements of both the Hong Kong and Shenzhen stock exchanges to ensure full
With a unique report that combines four disclosure frameworks in one, the case of CIMC demonstrates the agility of Alaya in advising a company to effectively address ESG disclosure on both a local and international level. Not surprisingly, the CIMC report is frequently cited as a best practice benchmark by companies eager to adopt leading approaches. Moreover, in helping them standardize data collection practices throughout its entire organisation, we helped CIMC pave the way for more efficient and accurate ESG data management in future reporting efforts.
PANDA GREEN ENERGY GROUP LIMITED
Aligning with SDGs and IR
Panda Green Energy is one of the largest renewable energy investors and operators. It partners with the UNDP to proliferate the adoption of green energy in China and worldwide. With its entire business deeply rooted in environmental sustainability, it is no surprise that Panda Green Energy faces particularly high expectations when it comes to its sustainability efforts and disclosure practices.
We understand that the Company’s core business is closely aligned with the SDG no. 7 i.e. offering affordable and clean energy. However, this is not the only SDG that the Company has aligned with. By
Furthermore, a thorough internal and external stakeholder communication process was initiated to help Panda better understand key external concerns, besides formulating prominent internal efforts to address these concerns. Close interaction with managers in various departments also enabled us to help identify its main ESG risks and opportunities. An infographic based on Integrated Reporting was also created to demonstrate the Company’s business model.
We managed to help Panda Green Energy produce an award-winning report (Report of the Year by an inaugural ESG Award) that not only adheres to GRI Standards and properly addresses stakeholder
China Traditional Chinese Medicine is a pharmaceutical company that
First, a thorough stakeholder engagement process involving over 1,000 effective surveys was conducted to understand perspectives from the Company’s key stakeholder groups including suppliers, investors, employees, customers, etc. Then, we conducted on-site inspections to understand China TCM’s production and operation processes and validated material ESG issues with the management. Lastly, we identified the material topics in order to adhere to GRI Standards, communicating relevance of their business to the broader international audience.
Backed by a rigorous and comprehensive stakeholder engagement process, we helped craft a report that reflects CTCM’s thorough understanding of risks and opportunities of the emerging TCM industry, as well as demonstrating alignment between its operations and ESG performance.
Ronald Lu & Partners (RLP), an architectural design firm based in Hong Kong, is known as a pioneer in sustainable architecture, boasting projects such as Xi Qu Centre, Zero Carbon Building, etc. Committed to excellence in design and construction, and to maximize environmental benefits, RLP has set its science-based targets (SBT) which are approved by the SBTi (Science-based Target Initiative). The firm aims to reduce its GHG emissions (Scope 1 and 2) in absolute terms (base year 2018) by 21% by 2024 and also reduce Scope 3 GHG emissions by 8% during the same period.
RLP is the only architectural firm to have set Science Based Targets in Hong Kong and when it completes meeting its target, it will be the first one to do so in Asia.
While it is committed to address climate change by setting an SBT approved target, it is now imperative for the firm to make progress in meeting the reduction target it has announced publicly to stakeholders. More importantly, how does the firm track and manage its progress towards the end goal? Does the target need to be divided into annual targets and cascaded down to regional offices?
RLP commissioned Alaya Consulting to ensure its SBT target will be met by 2024. Alaya has formulated a strategic plan to keep RLP emissions below 2oC. The 5-year plan has been broken down into feasible yearly roadmaps for RLP to tread, in order to help it meet its long-term target.
Alaya has monitored annual GHG emissions attributable to RLP’s work and has identified the reasons for changes in Scope 1, 2 and 3 emissions. If any unexpected increases occur, we communicate with RLP to implement proper remedial measures.
In addition to the existing reduction measures adopted such as lighting retrofits to reduce Scope 2 emissions, we help identify other feasible solutions for the firm, including A0 and A1 recycled paper, which has effectively reduced the firm’s Scope 3 emissions.
With the right solutions and a feasible target, RLP is in a good trajectory to complete its target by 2024.