OREANDA-NEWS. June 18, 2014. The Bank of East Asia, Limited (“BEA”) has issued its first corporate social responsibility (“CSR”) report that follows the Global Reporting Initiative (“GRI”) G4 guidelines, satisfying the requirements for the Core option.

G4 will become standard for all companies worldwide that report in accordance with the GRI guidelines from 2015 onwards. BEA is one of the first companies in Hong Kong to reference the G4 framework in sustainability reporting.

In its 2013 CSR Report, BEA has also expanded the reporting scope to encompass the entire Group, in order to bring the coverage in to line with its financial reporting.

The 2013 CSR Report also follows the Environmental, Social, and Governance Reporting Guide of Hong Kong Exchanges and Clearing Limited.

“Our achievements would not have been possible without the dedication of everyone involved in our CSR programme.” says Dr. David K.P. Li, Chairman & Chief Executive of BEA. “

Looking ahead, we aim to explore other opportunities to further integrate CSR into our business and operations.Working together with our customers, staff members, and other stakeholders, the BEA Group is committed to making a difference.”

In line with the GRI G4 reporting principles, the content of the report draws on feedback from both internal and external stakeholders of BEA. The Bank conducted its first materiality assessment exercise in 2013, which involved business and community partners, suppliers, and employees across functions, levels, and geographies. These stakeholders provided valuable insight into how the Bank Group can further develop its Group’s CSR strategy and take forward key initiatives.