HKBN drives technology for good with ESG enablement
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More than ever, the best companies are no longer purely measured by the amount of profits they generate. Increasingly, the focus is shifting towards sustainability, specifically environmental, social and governance (ESG) issues, and how companies can play a much bigger role not just for the environment but also the betterment of society. The implementation of a more socially responsive strategy to identify ESG opportunities and mitigate risks are helping companies make serious decisions about how to improve environmental and social outcomes.
One such company is HKBN (Hong Kong Broadband Network), a local Hong Kong start-up and now a Hong Kong-listed telecom and technology company best known for broadband, mobile, entertainment and its complete spectrum of enterprise solutions. HKBN has led the way by setting up an ESG committee and programmes through which it is committed to talent engagement, technology empowerment and business transformation.
“ESG factors complements a company’s operational, financial and revenue to drive shareholder value and help enterprise customers and suppliers develop sustainable businesses of their own,” says NiQ Lai, HKBN’s Co-Owner and Group CEO. “On the other front, the world is going digital. As a socially responsible tech company, we’re also working on technology for good programmes that tackle the diverse needs of stakeholders like our customers, suppliers, NGOs and the socially disadvantaged from our communities.”
.jpg?itok=rHxU_vs5 "“At HKBN, we run our company for multi-stakeholders, which includes our Talents, our customers, our community, and our shareholders. If we look after our Talents as our priority, they will look after the other stakeholders.” says NiQ Lai, HKBN’s Co-Owner and Group CEO.")
At the corporate level, HKBN is using its position as a large-scale technology provider as the springboard to do more in ESG. “In Hong Kong, we serve 1-in-3 households and 1-in-2 active companies. This massive reach means we can leverage our strengths in digital technology and enable businesses, as well as NGOs and community groups, to achieve better results in their own ESG performance.” In September, the company established a board-level ESG committee – responsible for overseeing its long-term sustainability strategies, initiatives and goals – making HKBN one of the first few Hong Kong-listed companies to do so.
Talents are essential