HONG KONG, Jan. 12, 2023 /PRNewswire/ -- HKBN Ltd. ("HKBN" or the "Group"; SEHK stock code: 1310) has received an upgrade to its Environment, Social and Governance (ESG) performance with a highest possible AAA rating from the globally recognised MSCI (Morgan Stanley Capital International) ESG Ratings, placing it in prestigious company amongst the world's best organisations, including the top 9% of telco operators worldwide. With HKBN's ESG performance particularly outstanding in areas like Labour Management and Governance, this recognition highlights how the Group continues to go beyond regulatory requirements to enhance sustainability across its business and operations. Earning its first rating from MSCI in 2018, HKBN had its rating upgraded from AA to AAA this year.
William Yeung, HKBN Co-Owner and Executive Vice-chairman
William Yeung, HKBN Co-Owner and Executive Vice-chairman said, "Make our Home a Better Place to Live is the North Star which guides us to overachieve in everything we do. Last year, we set ambitious 3-year ESG goals for our business, a rarity for Hong Kong companies in our industry. As an industry ESG leader and enabler, we will continue to cultivate new business opportunities in ESG, and deepen ESG across our operations."
HKBN's ESG outshines Hong Kong telco peers
Since 2016, HKBN has been a constituent of the Hang Seng Corporate Sustainability Benchmark Index and has earned AA rating for the past three consecutive years (2020, 2021 and 2022). Most recently, the Group was honoured with a Social Capital and Sustainability Sectoral Award (Telco industry) from the Community Investment and Inclusion Fund (CIIF), in commendation of its leadership in promoting digital inclusion for local communities.
Last year, HKBN established an ESG Committee, making it one of the few publicly listed companies in Hong Kong to focus on ESG at the Board level. Led by members of its Board, the ESG Committee enables HKBN to more effectively steer, review and monitor its overall ESG strategies and performance. For more about HKBN's ESG commitment and work, please refer to 2022 ESG performance highlights.
About HKBN Ltd.
HKBN Ltd. (SEHK Stock Code: 1310, together with its subsidiaries, "HKBN" or the "Group") is an investment holding company. Headquartered in Hong Kong with operations spanning across Asian markets including Hong Kong, Macau, mainland China, Singapore and Malaysia, the Group is a leading integrated telecommunications and technology services provider, offering comprehensive one-stop Information and Communications Technology ("ICT") solutions and Infinite-play bundles that include broadband, data connectivity, cloud and data centre, managed Wi-Fi, business continuity services, system integration, cybersecurity, digital solutions, voice and collaboration, mobile services, roaming solutions, Transformation as a Service (TaaS), stationery and supplies and OTT entertainment. HKBN's extensive tri-carrier fibre infrastructure covers over 2.5 million residential homes and 8,000 commercial buildings and facilities across Hong Kong. Committed to creating a lasting positive impact to wherever it operates, HKBN embraces a core purpose to "Make our Home a Better Place to Live" and earn a highest possible AAA score in the globally-recognised MSCI ESG Rating in 2022. The Group is managed by hundreds of Co-Owners (supervisory and management level Talents in the Group) who invested their savings to buy shares of HKBN Ltd.. For more information about HKBN Group, please visit www.hkbn.net/en.
