CRIF is pleased to announce the introduction of Synesgy into Hong Kong market. Synesgy is the global digital platform, enabling companies to collect and manage information through an ESG self-assessment, complete with evaluation, and guidance on the development plan to be undertaken.

Green economy has been one of the key development goals of Hong Kong in recent years. The government and various sectors have introduced a number of measures to promote the development of green and sustainable finance in Hong Kong. With Synesgy, Hong Kong companies can understand how to improve their ESG performance through the self-assessment and suggested action plan, enabling them to integrate ESG factors into their business decision.

Synesgy also supports the financial sector by creating value through “sustainable finance”, supporting credit policies, commercial strategies, supply chain selection, risk management and funding.

The Synesgy methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, the Carbon Disclosure Project, and Taxonomy guidelines and benefited from the collaboration with the Credit Ratings Agency of the CRIF Group, which for years has been incorporating ESG factors in assigning the issuer rating of non- financial companies’ resident within the European Union.

Transparency, collaboration and sustainability are at the heart of the Synesgy network, to drive companies toward a positive impact on the environment and society and to implement forms of corporate governance based on ethical criteria.

“CRIF is committed to the development of a sustainable present and future. Through Synesgy, Hong Kong companies can better understand the ESG performance of themselves and their supply chains. We are delighted to be able to assist companies in their sustainable development and contribute to the promotion of Hong Kong as a sustainable financial centre,” said Vincenzo Resta, Regional Executive Director of CRIF.

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