Small and medium-sized enterprises (SMEs) usually need to run a tight ship – they are, after all, small. This means the CEO, CTO, COO, CIO – the entire C suite – can be rolled into one person.
This puts sales and marketing, operations, human resources, regulatory compliance and more on the same desk. The rise of environmental, social and governance (ESG) concerns and regulations can present a challenge to these tight ships, since it involves handling complex concepts and datasets. Hong Kong SMEs cannot sidestep ESG, however, since many importers in leading markets such as the United States now require ESG statements from their sources. Calculating carbon footprint might be a challenge, but it is an unavoidable challenge.
Considering this, the Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help SMEs, start-ups, and Micro-, Small and Medium-sized Enterprises (MSMEs) with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG RegisteredTM.
As a leading global provider of business-decisioning data and analytics and the HKTDC’s recognised ESG partner, D&B further demonstrated its commitment in promoting ESG to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth.
A D&B ESG RegisteredTM badge and profile will be presented to companies that have successfully completed the required assessment as a recognition of commitment to disclosing ESG data. This ESG service aims to support companies to expand their business, enhance their reputation and attract investors, while achieving their net-zero targets.
Managing Director of Dun & Bradstreet China – Mainland and Hong Kong SAR Mr Andrew Wu (main picture, left) said: “Dun & Bradstreet is privileged to be part of it to support and drive a sustainable ecosystem for SMEs. To have our ESG solutions recognised by HKTDC, a statutory body in Hong Kong, for not just large corporations and listed companies, but also the SMEs, start-ups and the MSMEs … as the UNSDGs’ (United Nations Sustainable Development Group) motto states, ‘Leave no one behind’.
“Dun & Bradstreet Hong Kong as the recognised ESG partner of the HKTDC sets an excellent example of D&B’s strong reputation as a global provider of reliable business decisioning data and analytics.”
HKTDC Deputy Executive Director Dr Patrick Lau (main picture, right) said: “We are pleased to join hands with Dun & Bradstreet (HK) Limited to support Hong Kong enterprises in capitalising on the global trend towards sustainability.”
Under the partnership, D&B will provide discounted ESG registered services for members of HKTDC’s Transformation Sandbox (T-box), a comprehensive business support programme launched in April 2020 to help SMEs upgrade and transform. “We are certain that local companies will enhance their ESG competitiveness with the help of a world-leading service provider in the field, such as Dun & Bradstreet,” Dr Lau added.