Page 42 - HKSA (Chi)

d) Judging Criteria

Points Allocated

I. Management Commitment and Stakeholder Engagement 10
1. Management Commitment
i. Incorporation of sustainability into mid-/long-term business goals
ii. Presence of sustainability department or personnel and budget
iii. Provision of sustainability reporting
iv. Top-management involvement in sustainability
2. Stakeholder Engagement
i. Well-defined key stakeholders
ii. Regular communication and engagement with stakeholders on the organization’s strategies
and initiatives for sustainability
iii. Well-established sustainable procurement process
iv. Initiatives to promote sustainability within the organization
v. Sustainability training and development to enhance employee skills and knowledge

II. Key Elements of Sustainability 60
a. ECONOMIC DIMENSION 20
1. Financial Sustainability
i. Strategies to strike a balance between short-term financial goals and long-term business
sustainability
2. Corporate Governance
i. Board-level awareness of sustainability
ii. Presence of Board-level committees such as audit, nomination and remuneration
iii. Measures to ensure board effectiveness
iv. Measures to ensure board diversity
v. Regular external and internal audits
3. Risk & Crisis Management
i. Internal control processes and framework to identify and address risks
ii. Initiatives to foster an effective risk management culture
4. Business Integrity and Ethics
i. 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
ii. Regular communication and training to employees to ensure compliance of relevant laws
and regulations
iii. Commitment to upholding business ethics

b. SOCIAL DIMENSION 20
1. Community Investment
i. Community investment strategies to create long-term value for the organization,
beneficiaries and society
ii. Support for disadvantaged and underprivileged groups
iii. Partnerships with non-profit-making and charitable organizations to carry out community
investment strategies
iv. Measures to foster a community caring culture within the organization
v. Measures to encourage participation of employee and other stakeholders in volunteering
work