Hong Kong’s most sustainable companies report some of the year’s worst stock performances

//Hong Kong’s most sustainable companies report some of the year’s worst stock performances

Hong Kong’s most sustainable companies report some of the year’s worst stock performances

An index of 30 companies with the best environmental, social and corporate governance (ESG) ratings listed in Hong Kong has consistently underperformed this year, declining by about 7.5 per cent year to date. Many of these companies are old economy stocks, from sectors hit hardest by the Covid-19 pandemic, said Gary Chiu, a senior research manager at Hang Seng Indexes Company. Conglomerates, utilities and property and construction companies, which account for about half of those on the Hang…

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By | 2020-12-06T10:04:09+00:00 December 6th, 2020|Business|Comments Off on Hong Kong’s most sustainable companies report some of the year’s worst stock performances