Hang Lung Group Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Hang Lung Group provides a reasonable level of transparency about its climate-related lobbying. It specifies the exact policies it engaged on, naming the International Sustainability Standards Board’s Exposure Draft IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and Exposure Draft IFRS S2 Climate-related Disclosures, and indicates that these are global climate-reporting standards. It also describes one concrete lobbying mechanism—participation in a May 2022 round-table discussion organised by the Hong Kong Institute of Certified Public Accountants—with an identifiable target, “representatives from the ISSB project team.” Finally, the company states the outcome it sought, declaring “support with no exceptions” for both exposure drafts and confirming that this position is “aligned” with the Paris Agreement. While the disclosure covers only a single engagement channel, it clearly sets out the policies addressed, the forum and audience for the engagement, and the specific pro-policy stance the company advocated. 2
Lobbying Governance
Overall Assessment Comment Score
Limited Hang Lung Group discloses that it "adhere[s] to the direction and guidance stated in the Sustainability Framework and our sustainability-related policies to ensure our engagement activities are consistent with our overall climate change strategy,” indicating an intention to align external engagement—including lobbying—with its climate objectives; however, the company provides no further detail on how this alignment is monitored or enforced, does not name any individual or committee responsible for oversight, and explicitly notes that it has "No" public commitment "to conduct [its] engagement activities in line with the goals of the Paris Agreement." As a result, the disclosure signals only a basic acknowledgement of aligning engagement with climate strategy while leaving the underlying governance structure, review mechanisms, and coverage of direct or indirect lobbying entirely undisclosed. 1