Judging Criteria for Grand / Distinction / Merit Awards / Certificates of Excellence |
Scores |
I. Management Commitment and Stakeholder Engagement |
10 |
1. Management Commitment
- Incorporation of sustainability into mid-/long-term business goals that address global risks
- Presence of sustainability department or personnel and budget
- Provision of ESG reporting
- Top-management involvement in sustainability
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2. Stakeholder Engagement
- Well-defined key stakeholders
- Regular communication and engagement with stakeholders on the organization's targets, strategies and initiatives for sustainability
- Well-established sustainable procurement process
- Initiatives to promote sustainability within the organization
- Sustainability training and development to enhance employee skills and knowledge
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II. Key Elements of Sustainability |
90 |
a. Economic Dimension |
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Policies in place with evidence |
(20) |
1. Financial Sustainability
- Strategies to strike a balance between short-term financial goals and long-term business sustainability
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2. Corporate Governance
- Board-level awareness of sustainability
- Presence of Board-level committees such as audit, nomination, and remuneration
- Measures to ensure board effectiveness
- Measures to ensure board diversity
- Regular external and internal audits
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3. Risk & Crisis Management
- Internal control processes and framework to identify and address risks
- Initiatives to foster an effective risk management culture
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4. Business Integrity and Ethics
- Policies and control processes to ensure compliance with laws and regulations such as personal data privacy, prevention of bribery and intellectual property rights within the organization and across the supply chain
- Regular communication and training to employees to ensure compliance of relevant laws and regulations
- Commitment to upholding business ethics
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Impact |
(10) |
- The economic sustainability measures, initiatives and policies have brought positive impact on business and organizational performance and/or the society
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b. Social Dimension |
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Policies in place with evidence |
(20) |
1. Community Investment
- Community investment strategies to create long-term value for the organization, beneficiaries and society
- Support for disadvantaged and underprivileged groups
- Partnerships with non-profit-making and charitable organizations to carry out community investment strategies
- Measures to foster a community caring culture within the organization
- Measures to encourage participation of employees and other stakeholders in volunteering work
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2. People
- Code of conduct and other policies to encourage appropriate employee behaviour
- Clearly defined whistleblowing policy to ensure adherence to the code of conduct and other policies
- Regular review of employee information for effective people policies
- Open communication at all levels
- Measures to attract and retain talent
- Training and development to meet the employee needs and to facilitate knowledge transfer
- Measures to ensure a safe and healthy working environment, to facilitate employee wellness and health and to promote work-life balance
- Availability of family-friendly policies, practices and benefits
- Measures to promote workforce diversity and an inclusive culture
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Impact |
(10) |
- The social sustainability measures, initiatives and policies have brought positive impact on business and organizational performance and/or the society
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c. Environmental Dimension |
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Policies in place with evidence |
(20) |
1. Environmental Management Policies and Systems
- Availability of Environmental Management System (EMS)
- Attainment of EMS certifications
- Policies and systems to identify, monitor and measure environmental footprint
- Internal control processes to ensure compliance with environmental laws and regulations
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2. Environmental Management Measures and Implementation
- Measures to drive environmental improvement
- Incorporation of environmental considerations in the design of manufacturing- / service-providing processes
- Strategies to address future risks associated with environmental impact, potential regulations, climate change, etc.
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Impact |
(10) |
- The environmental sustainability measures / initiatives / policies have brought positive impact on business and organizational performance and/or the society
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Total Score: |
100 |
Judging Criteria for Special Awards |
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Showcase of Sustainability Initiatives and Innovation for Special Awards |
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1. Excellence in Economic Sustainability Initiative
Showcase of an outstanding sustainability initiative / policy / measure under Economic Dimension with proven positive impact of sustainability in economic dimension on business / organizational performance
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(10) |
2. Excellence in Social Sustainability Initiative
Showcase of an outstanding sustainability initiative / policy / measure under Social Dimension with proven positive impact of sustainability in social dimension on business / organizational performance
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(10) |
3. Excellence in Environmantal Sustainability Initiative
Showcase of an outstanding sustainability initiative / policy / measure under Environmental Dimension with proven positive impact of sustainability in environmental dimension on business / organizational performance
|
(10) |
4. Excellence in Innovation
Showcase of an innovative sustainability initiative / policy / practice with proven positive impact of overall sustainability on business / organizational performance
|
(10) |
5. Excellence in Innovation
To further promote sustainability development among Non-Governmental Organizations (NGOs), Non-Profit Organizations (NPOs), Social Enterprises, Kindergartens, Primary Schools, and Secondary Schools, the following Special Awards will be granted to recognize their outstanding and innovative sustainability initiatives and cases that have demonstrated a positive impact on business or organizational performance:
- Award for Outstanding NGO/NPO/Social Enterprise
- Award for Outstanding Kindergarten/Primary & Secondary Schools
- Award for Outstanding Non-Hong Kong Organizations
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