This document summarizes the key findings from a survey of ESG reports from the top 200 listed companies in Hong Kong by market capitalization. It finds that while reporting practices are improving, there is still room for growth in disclosure quality, particularly around quantitative performance data and target setting. Board involvement in sustainability governance remains an area for development. Environmental disclosure quality varies, with good narrative descriptions but many companies failing to report performance results. Social disclosure requires more attention, especially regarding supply chain management and human rights. Community investment programs tend to focus on philanthropy over creating social value. Industry-level analysis shows variations in disclosure quality across sectors.