背景

本识咨询长期为拟上市企业提供 ESG（环境、社会及管治）顾问服务。每一位客户均要求我们在极短时间内提供高质量、合规且可披露的 ESG 方案，以满足 香港联合交易所（港交所） 对上市申请材料中的披露要求。

在当前资本市场中，ESG 准备度已成为企业能否顺利上市的关键因素之一——不仅影响合规进度和披露质量，更关系到投资者信心与企业的长期价值。

挑战

时间是最主要的挑战。专业各方通常在 递交 A1 表格前 1–2 个月 才与本识咨询接洽，留给 ESG 工作的准备时间非常有限。与此同时，港交所对 ESG 披露的问询愈发细致，关注企业的治理架构、数据质量及报告框架。

若缺乏专业指导，发行人可能因 ESG 信息不足或答复不完善而 导致递交延误，甚至影响市场形象与投资者信任。

我们的做法

本识咨询采用一套 结构化且灵活的工作方法，在紧张时间安排下快速提升客户的 ESG 准备度。
凭借我们在 应对港交所 ESG 问询方面的丰富经验，本识团队能够有效预判监管关注点，提前完善披露内容，确保项目按计划推进。

我们的核心工作包括：

• 起草符合 港交所要求 的 ESG 披露语言，提前应对潜在问询点；
• 协助建立或优化 ESG 管治架构，明确责任分工与决策机制；
• 建立及实施 重要性评估流程、ESG 管理政策 和 数据管理制度；
• 在递交及问询阶段提供 快速响应支持，确保 ESG 工作流与整体上市进度保持一致。

通过这种综合方法，我们帮助客户在数周内从初步准备转化为可提交状态，既保证披露质量，又确保上市进度顺畅。

成果

凭借上述方法，本识咨询的客户在短期内建立了 完善的 ESG 管治体系、正式文件及标准化披露流程，足以应对港交所的严格审阅。我们的支持有效 避免了因 ESG 原因而造成的递交或反馈延误，确保项目整体时间表顺利执行。

截至 2025 年，已有六家拟上市公司在紧迫的时间框架下依靠本识咨询的支持完成 ESG 准备工作，成功应对港交所问询。我们的服务不仅加速了 IPO 流程，也为客户的 上市后 ESG 表现持续提升奠定了稳固基础。

Background

Alaya Consulting has extensive experience supporting companies preparing for initial public offerings (IPOs) in Hong Kong. Each engagement has required rapid, high‑quality ESG advisory services to meet the Hong Kong Stock Exchange (HKEX) disclosure and governance expectations.

Pre‑IPO ESG readiness has become a critical success factor for issuers — driving investor confidence, supporting valuation, and demonstrating credible long‑term sustainability commitments.

Challenges

The most common challenge is timing. Professional parties often approach Alaya one to two months before A1 submission, leaving a narrow window to achieve ESG compliance and prepare robust disclosures.

Meanwhile, HKEX has intensified its ESG scrutiny, frequently raising detailed enquiries relating to governance structures, data validation, and reporting consistency. Without specialized support, issuers risk submission delays, extended comment‑rounds, and insufficient ESG narrative alignment with listing disclosure standards.

Our Approach

Alaya applies a structured yet agile methodology designed specifically for fast‑tracking ESG readiness. Leveraging our proven experience in handling HKEX enquiries, we work closely with issuers, sponsors, and lawyers to anticipate regulator expectations and respond clearly and consistently.

Our team delivers hands‑on support through:

• Preparing HKEX‑compliant disclosure language and addressing potential enquiry points pre‑emptively;
• Developing or refining ESG governance structures, roles, and escalation mechanisms;
• Formulating and documenting materiality assessments, ESG policies, and data collection processes;
• Providing rapid response support to professional parties during the submission and comment stages to help maintain the overall listing timetable.

This approach ensures ESG readiness is achieved without compromising disclosure quality or regulatory confidence.

Outcome

Through our tailored process, clients gain robust ESG governance frameworks, documented policies, and defensible disclosure standards that withstand HKEX review. Our involvement helps issuers avoid delays linked to ESG‑related follow‑up enquiries — ensuring that ESG workstreams progress in tandem with other IPO processes.

In 2025 alone, six IPO candidates have successfully relied on Alaya to manage ESG preparation under tight deadlines. Our support has helped them navigate HKEX’s ESG requirements efficiently, respond effectively to regulator questions, and establish a foundation for strong post‑listing ESG performance.