giving away cash to the people and welfare payments to the unemployed. While employment remained weak, Policy clarity Direction of the business team and political climate It is a huge risk to the future

COLLABORATION WITH CORE TEAM SUCH AS SUSTAINABILITY TEAM, RISK MANAGEMENT TEAM, FINANCE TEAM  TCFD REGISTRATION  PUBLIC DISCLOSURE DEVELOPMENT REPORTING 01 03 05 02 04 JULY 2021 MAY 2021 JUNE 2021 APRIL 2021

immediate family member or close family member of the personnel in the audit team holds financial interest in audit clients or serve as a director or officer of an audit client, or as an employee in a

team, tools and work systems. Therefore, the audit firm plays an important role in supporting the auditors to perform their work with greater quality and efficiency. In addition, the proposed revision of

resulting in the low audit quality; and High ratio of listed audit clients to audit personnel, leading to incomplete audit works, inadequate supervision, non-compliance with the firms’ policies and procedures

to the lessee, for instance, general information, management team, experience in operating such business, previous operating results, conditions and remuneration the REIT will receive from the lease

members of an engagement team becomes essential to audit processes to

internal committee reviews some or all screening decisions; ▪ Automated IT systems prevent investments in excluded stocks; ▪ Systematic process that alerts the portfolio manager, compliance team and ESG team

the defensive measures to refrain the staff in question from being a part of audit team with which he or she will be employed. - In the event that the aforementioned staff had already engaged in the

     • • • • • • • • • • • https://www.ukchinagreen.org/publication/esg-leaders-forum-reports/ PUBLIC Creating Value through Purposeful Dialogue Source: HSBC Asset Management, Stewardship team PUBLIC