背景

自 2018 年 气候相关财务信息披露工作组（TCFD） 框架发布以来，我们持续协助上市公司与金融机构将气候因素融入公司治理、风险管理及战略决策。
我们的气候咨询服务覆盖披露与减碳全流程，迄今已完成 十余个科学碳目标（SBT）设定与范围三温室气体（GHG）核算项目，并为多家区域及全球客户提供 CDP 披露咨询。
随着 IFRS S2 气候相关披露准则和 香港交易所 ESG 行为守则的强化，我们协助董事会及可持续发展委员会了解气候风险与机遇对企业战略和财务的影响，提升其合规性与投资者信任度。

主要挑战

• 披露要求不断演变： 从 TCFD 到 IFRS S2 的过渡，使企业和金融机构在披露深度及一致性方面存在不确定性。
• 数据与分析能力有限： 许多机构缺乏结构化数据与内部工具，难以进行高水平的情景分析或量化范围三排放。
• 治理与认知不足： 董事会需要更清晰地理解物理风险与转型风险如何影响业务及财务表现。

我们的做法

1. 治理体系对齐与能力建设
• 为上市公司及金融机构董事会和管理层提供 气候治理与披露责任培训，确保符合 IFRS S2 与港交所最新要求。
• 将气候风险管理纳入企业现有的 企业风险管理（ERM）及可持续发展治理架构。
2. 系统化气候情景分析
• 与领先的量化情景平台 Unwritten 合作，利用国际权威数据集（NGFS、IEA 等）开展气候情景建模。
• 将定量结果与定性风险框架结合，为客户提供符合其行业特征的深度洞察。
3. 披露整合与减碳规划
• 协助客户制定 符合 SBT 的减排目标，并开展 范围三温室气体核算以支撑可信的转型计划。
• 提供 CDP 气候问卷咨询及 HKEX / IFRS S2 差距分析，确保信息披露一致、具有投资者可读性。
• 建立内部披露模板与流程，便于未来年度的持续报告与更新。

成果与影响

• 卓越的气候专业能力： 已成功完成十余个涵盖 SBT、范围三核算、CDP 披露与合规咨询的项目，成为区域内气候战略与披露领域的领先顾问机构。
• 合规性提升： 客户的气候披露现已全面符合 港交所、IFRS S2 与 TCFD 要求，达到“遵守或解释”标准，并增强了外部信任。
• 董事会认知强化： 董事与高管对气候风险对企业价值、韧性及资本配置的影响有了更深入的理解。

• 可持续的框架： 通过与 Unwritten 的合作，客户能够定期更新情景分析结果，并在后续披露中持续应用，实现长期合规与战略前瞻性。

Background

Since 2018, when the Task Force on Climate‑related Financial Disclosures (TCFD) framework was first introduced, we have supported both listed companies and financial institutions in integrating climate considerations into governance, risk management, and strategic decision‑making.
Our climate practice covers the full spectrum of disclosure and decarbonisation support — having completed over a dozen Science‑Based Target (SBT) setting and Scope 3 GHG accounting projects, alongside CDP disclosure advisory for regional and global clients.
With the launch of IFRS S2 Climate‑related Disclosures and the strengthened HKEX ESG Code, we have helped boards and sustainability committees understand the strategic and financial implications of climate‑related risks and opportunities, ensuring readiness for evolving regulatory and investor expectations.

Challenges

• Evolving disclosure landscape: The transition from TCFD guidance to IFRS S2 has created uncertainty for both corporates and financial institutions regarding disclosure depth and comparability.
• Data and analytical limitations: Many organisations lacked structured data and internal tools to conduct robust Scenario Analysis or quantify Scope 3 emissions.
• Governance and awareness gaps: Board members needed better understanding of how physical and transition risks translate into business and financial exposure.

Our Approach

1. Governance alignment and capacity‑building
• Delivered board and executive briefings for both listed issuers and financial institutions on climate governance, accountability, and disclosure responsibilities under IFRS S2 and HKEX requirements.
• Integrated climate‑risk oversight into existing Enterprise Risk Management (ERM) and sustainability governance structures.
2. Comprehensive climate analytics
• Partnered with Unwritten, a leading quantitative scenario platform, to perform advanced climate scenario analysis based on authoritative global datasets (NGFS, IEA pathways).
• Combined quantitative findings with qualitative risk frameworks to generate insight‑driven narratives tailored to each client’s sectors and exposures.
3. Disclosure integration and decarbonisation planning
• Supported SBT‑aligned target setting and Scope 3 GHG inventories to underpin credible transition plans.
• Provided CDP Climate disclosure advisory and HKEX / IFRS S2 gap assessments to ensure consistent, investor‑ready reporting.
• Produced disclosure templates and workflows for ongoing internal use, simplifying future reporting cycles.

Outcome

• Unmatched climate expertise: With more than a dozen completed projects covering SBTs, Scope 3 GHG accounting, CDP advisory, and regulatory compliance, we are recognised as a regional leader in climate strategy and disclosure advisory.
• Regulatory alignment: Our clients’ climate disclosures now align seamlessly with HKEX, IFRS S2 and TCFD requirements, meeting “comply or explain” standards while enhancing stakeholder confidence.
• Informed leadership: Boards and senior executives now possess practical understanding of how climate‑related risks influence corporate value, resilience, and financial planning.
• Scalable framework: Through our partnership with Unwritten, clients can routinely update climate‑scenario outputs and integrate them into future disclosures, ensuring long‑term compliance and strategic foresight.