The A4CR is a non-profit alliance supported by the following key organisations:

• The Word Green Organisation (WGO) as the initiator;

• Ove Arup & Partners Ltd (Arup) and PricewaterhouseCoopers Hong Kong (PwC) as the technical support; and

• Other key advisors from the industry, academia and professional institutions.

Vision

To be a coalition platform for a climate-resilient business community in Asia.

Mission

To support companies on their systematic preparation for climate change disclosure and actions. The objectives of A4CR are to:

• Form a strategic coalition among major businesses in Asia to prepare companies to mainstream climate actions into corporate governance, strategies and operations as well as financing;

• Facilitate knowledge and experience sharing of climate-related transition, adaptation and disclosure as well as green financing;

• Develop a comprehensive benchmarking scheme to assess progress of coalition members in climate-related disclosure; and,

• Promote discussion on setting up standardized roadmaps and reporting metrics for consistent climate actions and disclosure that are relevant in this region and readily communicable to prospective stakeholders including regulators and institutional investors.

A4CR comprises two main governance parties:

• Management Team – is responsible for the operations of the alliance and delivery of events and activities.

• Advisory Board – comprises representatives from the management team, steering committee and key advisors to advise the management team on the strategic direction of A4CR.

The World Green Organisation (WGO) is an independent non-governmental organisation concerned with environmental conservation and environmentally related livelihood and economic affairs. It provides a holistic approach to a fully integrated three-pronged solution that combines social, environmental and economic dimensions for a paradigm shift towards low-carbon and climate-resilient development pathways.

Arup and PwC Hong Kong are the technical advisors of A4CR, helping to strengthen the climate-related foundation of the coalition.

No, the A4CR is not profit-making. The collected membership fee will all be used for members’ activities such as events, trainings, benchmarking etc.

The benefits include:

• – Access to best practices and emerging trends in climate-related risks assessment from business leaders and experts through workshops and conferences
• – Connect with like-minded organisations and expand your network in the business community through formal and social events
• – Benchmark against peers in the industry to evaluate gaps of tackling climate change
• – Raise company profile for quality climate disclosure, climate responsible actions and green investment

Yes, the membership scheme is split into two tiers – steering members and corporate members. Please refer to the brochure for details of the membership scheme.

For ordinary members – participation is entirely optional. Members are welcome to join activities, such as networking events and training sessions, on a voluntary basis.

For steering members – each steering member shall appoint one representative as the steering committee of the Advisory Board. The representatives will attend the annual Advisory Board meeting to give guidance on the future path of A4CR. For the benchmarking exercise, a few rounds of interviews and provision of information are to be expected.

While participation in this platform does not substitute for the mandatory ESG disclosure, the activities organized by A4CR will equip corporates with the right scientific knowledge and approach of reporting climate-related risks, thereby enhancing their preparedness to more rigorous climate-related company disclosures.

In the benchmarking exercise, each company’s ESG and climate-related performance will be benchmarked against its industry peers. Based on the findings of the benchmarking exercise corporates with outstanding performance will receive recognition (e.g., certificates, labelling etc) from the World Green Organisation.

Please note that the benchmarking exercise is not equivalent to a full climate risk assessment. It shall only serve as a reference for companies to understand the existing gaps and prioritise future actions to enhance corporate climate resilience.