Alaya Consulting is a specialist consultancy focusing on ESG reporting, pre-assurance and sustainability training.
Hong Kong: Suite 809, Corporation Park, 11 On Lai Street, Shatin, Hong Kong
Telephone: +852 3990 0790
Shenzhen: Room 1502A, 15/F., Rongchao Economic Trade Center, 4028 Jintian Road, Futian District
Telephone: +86 755 82796148
Associate consultant
Ruby Fang joined Alaya Consulting as an associate consultant in hopes to promote corporate social responsibility and sustainable development. Her main role includes day-to-day client communication, data management and preparation of reports. She graduated from the Hong Kong University of Science and Technology with a major in Environmental Sciences and a minor in Social Sciences. Ruby has also completed the Global Reporting Initiative (GRI) accreditation training.
Associate consultant
I joined Alaya Consulting with an interest in environmental protection and sustainable development, hoping to provide better solutions for different companies, promoting sustainable development and achieving carbon neutrality. I was mainly responsible for data collection, environmental disclosure, carbon audits and assisting in the preparation of reports. I am fluent in Cantonese, Mandarin and English. I graduated with a master’s degree in environmental engineering and management from the Hong Kong University of Science and Technology, and a bachelor’s degree in atmospheric science from Nanjing University. I am also a yoga enthusiast.
Associate consultant
Xiaotong is responsible for handling data collection, writing ESG reports, and day-to-day client communications. She also assists with ESG disclosures and client support. She obtained her Master of Chemical Engineering in Shenzhen University, with a longterm focus on environmental pollutant assessment.
She also graduated in Bachelor of Engineering Science from Chang’an University, majoring in water pollution management.
Intern
Alisa Lam is an intern working at Alaya consulting during her gap year. She plans on studying Politics, International Relations and Global Sustainable Development at Warwick University in 2022. She has a keen interest in understanding what makes the best sustainability report, promoting corporate social responsibility and learning how to tailor sustainable strategies for different companies. She understands that implementing environmental and social policies is crucial in building a successful and resilient enterprise in today’s world. She is responsible for writing and revising reports as well as doing research for Alaya.
Management Trainee
Gabriel joined Alaya Consulting as a management trainee, responsible for conducting ESG advisory and reporting along with assisting the business development and marketing team.
He graduated from The University of Hong Kong with a bachelor’s degree of science majored in Environmental Science. Gabriel understands that working towards improving environmental and social issues is fundamental to building a sustainable and successful business. He would like to make a positive impact by joining the ESG advisory industry.
Associate consultant
Better ESG management shapes a more resilient and sustainable future.
Responsible for handling social data collection and analysis; Assist in preparing the sustainability report and daily communications with clients; Advise clients on ESG- related issues to optimize ESG disclosure and improve ESG performance.
Graduated from Uppsala University in Sweden with a master's degree in business and economics. Master thesis themed in green finance.
Associate Consultant
Eason joined Alaya Consulting as an associate consultant, responsible for preparing ESG reports. He is passionate about sustainability and eager in helping enterprises to improve their ESG performance. He graduated from The Chinese University of Hong Kong with a bachelor’s degree in science, major in Earth System Science and minor in Biology. Eason’s hobbies are playing table tennis and playing the guitar.
Consultant
Alva Yeung is keen in helping companies create sustainability strategies to help mitigate environment and social impact. Coming from an international relations background, she is familiar with the UN Sustainable Development Goals, UN Global Compact and other international initiatives. She is also responsible for social data analysis, facilitating stakeholder communication, ESG report writing and day-to-day client communication. Alva has completed the Global Reporting Initiative (GRI) accreditation training.
Alva obtained her Master of International Relations and Public Affairs in University of Hong Kong and Bachelor Degree in City University of Hong Kong, major in Asian and International Studies.
Business Development and Marketing Manager
Sunny joined Alaya in 2020 with a goal to bolster ESG and sustainability in Hong Kong.
He works with Alaya to develop and promote its initiatives such as HERA and ESG Newswire.
He also works with existing and new partners to collaborate and host events promoting ESG strategy and disclosure.
Sunny has great plans to design and develop Alaya’s own ESG rating system in the coming future.
Born in India, bred in Hong Kong, and a bachelor’s degree from NYU, Sunny comes from a rich and diverse range of experiences.
He majored in Finance and Marketing and minored in Social Entrepreneurship.
He co-founded his own social enterprise, Grounded Upcycling, in New York that upcycles spent coffee grounds into soap and face masks.
In his free time, Sunny likes to go hiking, read, or play Squash!
Founder
Tony is the founder of Alaya Consulting Limited. With more than 16 years of experience in advising C-suite executives, both in-house and from the client side, he is particularly experienced in the development of corporate sustainability strategies, training, communication and ESG reporting approaches.
Tony works with client companies to help them improve disclosure levels and ESG ratings. Recent clients include AAC Technologies, CIMC, Panda Green Energy, Chiho Environmental Group, Integrated Waste Management, Baguio, MicroPort, Tianjin Port and others. Recent projects include organising the Hong Kong ESG Reporting Awards, contributing to the development of industry best practices.
Tony is a Chartered Company Secretary, a GRI Nominated Trainer, a carbon audit professional accredited by the Association of Energy Engineers, a Practitioner of Institute of Environmental Management Association and a certified sustainability assurance practitioner. He has also successfully completed the practitioner training of Integrated Reporting.
Prior to setting up Alaya, Tony assumed senior roles in various leading communications agencies and a Fortune top 10 financial services group. Before embarking on his career in communications, Tony spent a number of years in banking and financial journalism. He received a master’s degree in Corporate Governance from Hong Kong Polytechnic University and a bachelor’s degree in International Business from The Chinese University of Hong Kong.
HKEX to Broaden Climate-related Disclosures Based On ISSB Requirements
In a consultation paper published on 14 April 2023, HKEX proposed to mandate climate-related disclosures in their ESG reports for all issuers, thus updating from the previous “comply or explain” approach.
The new Appendix 27 Part D will be based on the ISSB Climate Standard, and will come into effect on 1 January 2024 after considering the public’s response throughout the consultation period, which is scheduled to end on July 14, 2023.
The proposed climate-related disclosures has been structured similarly to the TCFD framework, which consists of 4 core pillars: Governance, Strategy, Risk Management, and Metrics and Targets. Additional proposed disclosures are explained below.
Quantitative Financial Impact
The consultation paper proposes the disclosures of current and anticipated financial impacts of climate-related risks and opportunities over a short-, medium- and long-term. During the interim period, qualitative disclosures are allowable for current financial impacts whereby quantitative figures are not available. For anticipated financial impacts, qualitative disclosures (such as work plans and timetables) are sufficient to address issuers’ concerns on data accuracy.
Scenario analyses will be crucial in assessing issuers’ climate resilience. Issuers should identify the implications of the transition to a lower carbon economy on their operations, and evaluate the risks over different time horizons. In analysing risks, risk assessment tools should be used to assess the likelihood and impact levels so that issuers can prioritise risks that pose a higher significance. For climate-related opportunities, disclosures on the processes to identify, assess, prioritise, and manage relevant opportunities, and how such processes are integrated into the company’s overall management approach were proposed.
Kickstart Scope 3 Accounting
In addition to Scope 1 and 2, Scope 3 emission disclosures were proposed, which would include a thorough assessment of emissions (such as work plans, progress, and timetables) in the relevant upstream or downstream activities along the value chain.
Integration of Other Climate-related Metrics
The disclosure of cross-industry climate-related metrics required by the ISSB Climate Standard have been proposed: (1) amount and percentage of vulnerable assets or business activities aligned with transition and physical risks, and climate-related opportunities, and (2) amount of financing deployed towards climate-related risks and opportunities. Furthermore, disclosures on internal carbon price application, executive remuneration linked to climate-related considerations, and other industry-based disclosure requirements under internationally known ESG reporting frameworks should be considered.
Our Feedback
The consultation might face many objections, but climate-related disclosures are a global trend. If Hong Kong is serious about becoming a regional green finance hub, embarking on this path will be necessary. We believe HKEX will take up most of the points stipulated in the consultation paper, albeit in different stages.
Alaya HK ESG Reporting Benchmarking Report