A Guide to Corporate Environmental Performance Reporting - Foreword
All organizations have some impacts on the environment, through their activities, services or products. Impacts can be in the form of emissions and waste streams, or on the use of resources, such as water, energy and other raw materials. It makes good business sense for any organization to improve its environmental performance as it offers opportunities to reduce operational and compliance costs and to improve the bottom line. It has now become an international trend to consciously adopt more efficient uses of raw materials, reduce wastes and save energy.
Apart from the pressing need to reduce operating costs, most organizations are subject to an increasing demand from their investors, consumers, clients, regulatory bodies and the public to improve their own environmental performance and be more transparent and accountable to the public. To this end, corporate environmental performance reporting can help demonstrate good corporate governance, increase stakeholders' confidence and improve corporate image. All these are now new expectations from the community on successful businesses in the world market.
To demonstrate good
corporate governance, the Hong Kong Special Administrative Region (HKSAR)
Government leads by example. All bureaux and departments have started
publishing annual environmental performance reports since 2000. With the
release of this Guide, I hope that it will contribute towards a growing
acceptance among private sector organizations to produce good quality
environmental performance reports. I have no doubt that widespread voluntary
public reporting will lead to overall environmental and economic gains.
This will ultimately, in one way or the other, pave the way for Hong Kong
to become a more sustainable city.
R. J. S. LAW, JP