Academy of Interdisciplinary Studies Division of Environment and Sustainability 238 Uncertainties in Current Practices of Scope 3 Emissions Calculations in Critical Sectors in Hong Kong and Potential Financial Implications Supervisor: Meike SAUERWEIN / ENVR Student: CHEN Junyi / EVMT MARZUQOH Sayla Maliatul / EVMT Course: UROP 1000, Summer This research examines inconsistencies in Scope 3 greenhouse gas emissions reporting among Hong Kong listed companies. Using disclosure data from the Carbon Disclosure Project (CDP) survey, we analyze how companies classify and report emissions across the 15 Scope 3 categories and identify patterns in reporting frequency and completeness. We developed an algorithm in order compile survey data from compiled data sets from 2019 to 2024 and conducted basic statistical analysis. The findings reveal an overall increase in the number of companies disclosing Scope 3 emissions. However, many firms exhibit irregular reporting patterns on the CDP platform, such as skipping for one year and resuming the year after. However companies doing so might still report through other channels such as their own corporate sustainability report. Notably, companies with validated science-based targets (SBTi commitments) tend to show more comprehensive Scope 3 reporting on CDP. These results reveal that the data coverage of CDP for analysis of corporate Scope 3 emissions and reporting trends might be insufficient and underscore the current gaps in voluntary disclosure and highlight the importance of mandatory measures. Green Finance and Big Data Supervisor: ZHOU Zoey Yiyuan / ENVR Student: GHAZI Raiyan Sohail / TEMG Course: UROP 1000, Summer Environmental, social, and governance (ESG) policies refer to organizational standards regarding a company’s responsibility to the planet, human rights, and ethical corporate management. This can include reducing carbon emissions, implementing unbiased worker rights, transparent decision-making processes, and much more, all to ensure sustainable development. These policies are often used by investors to weigh their investment decisions. However, backlash against them, through the introduction of anti-ESG policies, is growing. In this project, my task was to assist Professor Zoey and her student, Linhan, in their research related to this issue. I examined given pro-ESG and anti-ESG policies, categorized them depending on their focus, and extracted relevant text. This allowed me to better understand the impact of ESG policies in corporations and governments.
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