About The Company
Metasurface Technologies Holdings Limited is a Singapore-based precision engineering services provider specialising in machining and welding for international clients in the semiconductor and related sectors.
As a listed entity on the GEM board of the Hong Kong Stock Exchange (HKEX), the company required support in meeting ESG (Environmental, Social, and Governance) reporting requirements under HKEX regulations.
Key Outcomes
- Achieved 100% compliance with HKEX ESG standards.
- Reduced reporting effort by 30% through process optimisation.
- Created a foundation for long-term ESG performance improvements.
Client Challenge
Metasurface Technologies faced several challenges in its ESG reporting journey:
- New Regulatory Requirements: Compliance with Appendix 27 of the HKEX ESG Reporting Guide was mandatory, but the company lacked prior experience in ESG reporting.
- Resource Constraints: Preparing a compliant ESG report posed significant hurdles due to limited internal expertise and no established framework.
- Data Complexity: The organisation needed support in identifying, collecting, and validating the diverse data required to meet mandatory disclosure requirements.
InCorp Hong Kong’s Role
InCorp Hong Kong was engaged in delivering a comprehensive solution tailored to meet HKEX ESG requirements. Key services included:
- Conducting an initial assessment of reporting gaps and requirements.
- Streamlining data collection processes across departments.
- Producing and issuing a fully compliant ESG report in alignment with Appendix 27 of the HKEX ESG Reporting Guide.
- Offering strategic recommendations for improving ESG performance in future cycles.
Timeline for ESG Reporting:
| Phase | Action | Time Taken |
|---|---|---|
| Initial Analysis | Identified compliance gaps | 2 weeks |
| Data Collection | Streamlined and validated data | 3 weeks |
| Report Creation | Drafted and issued ESG report | 2 weeks |
Impact
- Full Compliance Achieved: Metasurface Technologies successfully submitted an ESG report meeting all HKEX mandatory disclosure requirements. This ensured regulatory credibility and built investor confidence.
- Time and Cost Savings: InCorp’s streamlined processes significantly reduced the internal resources and effort required by the client’s team, allowing them to focus on core business operations.
- Future ESG Readiness: Beyond compliance, InCorp provided a roadmap to enhance ESG practices, helping the company align with evolving stakeholder expectations and prepare for subsequent reporting cycles.
