How inspectors in Shanghai, Hong Kong HK travel to factory with instant PO (Factory Order/Purchase Order) under wuhan coronavirus

Under the wuhan coronavirus attack, our in-house inspectors / third party inspectors have difficulties to visit factories in Shenzhen and suzhou for product inspection jobs before shipment/packing list to UK even scheduled job inspection in ERP system. Factories are supposed to resume after Chinese new year and the manufacturing process will be completed in coming months.

2020 ESG GUIDE CONSULTATION CONCLUSIONS

The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Wednesday) published conclusions to its consultation on the ‘Review of the Environmental, Social and Governance (ESG) Reporting Guide (ESG Guide) and Related Listing Rules’ (ESG Consultation Conclusions)1; and the findings of its latest review of listed issuers’ ESG disclosures (ESG Disclosure Review).

“We had a very broad and strongly supportive response to this consultation, and we are pleased to be announcing significant improvements to the ESG governance and disclosure framework for Hong Kong-listed companies.  The changes reflect the Exchange’s commitment to enhancing Hong Kong’s ESG regulatory framework and to meeting investor and stakeholder expectations in accordance with international best practices.  We would like to thank all those who made submissions to the consultation,” said David Graham, HKEX’s Head of Listing.

ESG Consultation Conclusions

The Exchange received 153 responses from a broad range of respondents.  The feedback indicated strong support for the consultation proposals to enhance the ESG reporting framework.  The Exchange will implement the consultation proposals, with modifications, reflecting comments received.  The changes will be effective for financial years commencing on or after 1 July 2020.

Key changes to the ESG Guide and related Listing Rules include:

Introducing mandatory disclosure requirements to include:
a board statement setting out the board’s consideration of ESG matters;
application of Reporting Principles “materiality”, “quantitative” and “consistency”; and
explanation of reporting boundaries of ESG reports;
Requiring disclosure of significant climate-related issues which have impacted and may impact the issuer;
Amending the “Environmental” key performance indicators (KPIs) to require disclosure of relevant targets;
Upgrading the disclosure obligation of all “Social” KPIs to “comply or explain”; and
Shortening the deadline for publication of ESG reports to within five months after the financial year-end.

More information: https://www.hkex.com.hk/News/News-Release/2019/191218news?sc_lang=en

Work from home WFH under Coronavirus in Hong Kong HK, Shanghai, Beijing and UK

Due to the coronavirus outbreak in wuhan city, after Chinese New Year in Shanghai, the people of buying office of UK-based huge online retailer in Shanghai started their "working from home" (WFH) for a week with the Order Management System and ERP System. They are all working from home and communicate with resumed factories and UK head office and Hong Kong/Beijing local office. While there is new order requested from UK day-to-day with variety of products, the data-powered "Vendor / Customer / Inspector Companies" modules and  "Merchandising Products Master Database" modules save their workload tracking the back-order.

More information from http://www.pro-quali.com/features/general-feature-list/

Sulphur dioxide (SO2) emissions alarming levels in Wuhan?

High sulphur dioxide levels at the centre of the coronavirus outbreak could be a sign of mass cremations, it has been claimed.

Satellite maps in recent days have shown alarming levels of SO2 around Wuhan, the Chinese city where the outbreak began.

In addition, there were high sulphur dioxide levels in the city of Chongqing which is also under quarantine.

Source: https://www.dailymail.co.uk/news/article-7986553/Does-satellite-image-scale-Chinas-coronavirus-cremations.html