Participation in the Business Sustainability & Risk Management Case Analysis Competition 2017
The Association for International Accountants (AIA) Hong Kong branch was the host of the 2nd Business Sustainability & Risk Management Case Analysis. The competition was held with 18 participating universities and higher education institutions from Hong Kong, Macau and Mainland China and took place at Serena Yang Lecture Theatre. The Open University of Hong Kong (OUHK) on Sunday, 23 April 2017.
Consulting Service International Ltd. (CSI) has again provided the case study and was part of the judging committee during the evaluation of written reports and the final case study presentation.
The competition and event aims at bringing sustainability issues into the education of young people and sharpen their understanding for sustainable development. In teams of two, 34 students assumed the role of the Corporate Social Responsibility (CSR) department and prepared a sustainability report using the data and information provided in the case study. The focus was on identifying sustainability risks and developing a strategy how to address these issues and mitigate negative impacts. After submitting the written case analysis report, students presented their risk assessment and sustainability strategy to a panel of judges.
Between 2011 and 2015, Asia Pacific has seen an increase in Sustainability Reporting from less than 50% to 79% amongst the world’s largest companies (N100 and G250). The region has taken a leading role in Sustainability Reporting before the Americas, Europe and the Middle East and Africa (KPMG, 2016). Legislation and stock exchange requirements are contributing to this trend as CSR reporting has increasingly become mandatory.
CSR and sustainability reporting have become an important aspect of company’s risk management. Sustainability reporting furthermore enables organisations to review their performance, define targets and communicate transparently to stakeholders inside and outside the organisation.
We are proud to engage in the education of the next generation of business leaders and managers and congratulate all participants for their excellent work, especially the winning teams:
Champion The Hong Kong University of Science and Technology
1st runner up The Open University of Hong Kong
2nd runner up The Chinese University of Hong Kong
CSI will continue to support the AIA in this meaningful event and to engage with education institutions and partners in Asia.