HOW JUDGING WORKS: RIGOR & FAIRNESS
A rigorous, multi-dimensional evaluation framework designed to identify the most impactful climate leaders across Hong Kong and the Greater Bay Area.
01 - ACTION
Carbon Emission Reduction Performance and Commitment
Measurement and disclosure of absolute greenhouse gas emissions (Scope 1, 2, and 3), standardized carbon performance metrics, carbon intensity, and year-on-year reduction trajectories aligned with international reporting standards such as GHG Protocol. Also, carbon governance structure, commitment, and related policies
02 - DISCLOSURE
Carbon Neutrality and Climate Change Related Disclosure
Disclosures on carbon emission target, climate related disclosure (e.g. TCFD), carbon neutrality target, carbon neutrality related Sustainability Development Goals (“SDGs”), comparable data and other carbon neutrality or climate related disclosures (e.g. TCFD, SBTi, IFRS by ISSB). Also, 3ʳᵈ parties’ assurance and review.
03 - USE OF NEW ENERGY
New Energy Usage and Commitment
Usage and commitment to the usage of new energy (e.g. solar, wind, hydrogen, green methanol, and SAF), the offsetting with Renewable Energy Certificate (“REC”) and other related factors. Bonus points will be attributed to the innovation ideas on this area.
04 - USE OF RESOURCE
Efficient Use of Resources and Commitment
Usage and commitment to the efficient use of resources following the 4R principles (i.e. Reduce, Reuse, Recycle, and Replace). Bonus points will be attributed to the innovation ideas on this area.