ESG Challenge 2023

Background:

The ESG Challenge was an annual case competition organized by the Hong Kong Federation of Business Students (HKFBS) which aims to raise awareness among university students about the importance of Environmental, Social, and Governance (ESG) in different industries. With the sponsorship from PwC, this year’s competition focused on sustainability in the Food & Beverage industry with the theme – “Road to Sustainability”. Teams of 3 to 5 students had to propose a long-term project to solve or alleviate an existing waste in a self-selected F&B company, focusing on Life Cycle Assessment (LCA) to assess the environmental impacts.

The competition involved three rounds – preliminary, semi-finals, and finals. In each round, teams had to submit a revised and lengthier proposal based on their initial idea, as well as complete a LCA for their proposal. For the final round, teams had to present their idea in front of a panel of judges and answer questions from them. The competition provided students with valuable opportunities to apply their knowledge and think critically about ESG concepts in real-world scenarios.

 

Website / Image URL:

https://www.hkfbs.org.hk/functions/esg2023

 

Award:

Champion  

 

Team Members:

Ms. Tsang Zoe, BBA(IBGM), Year 1

Ms. Fung Sem Tou Sheryl, BBA(Law)&LLB, Year 1

Ms. So Mei Chi Germaine, BBA(IBGM), Year 1

From left to right: Ms. Zoe Tsang, Ms. Germaine So, Ms. Sheryl Fung

 

Students Sharing:

“The ESG Challenge was definitely one of the most stimulating case competitions I have ever joined, as it was not easy to think of a new and innovative ESG solution for established F&B chains. However, once we were able to settle on a solid idea, it has transited into a rewarding and inspiring journey of learning more about how the profits of a company are not just affected by their business activities, but also by their ESG actions. The case competition truly helped my teammates and I learn more about this upcoming business focus and trend.”

(By So Mei Chi Germaine)

 

“For the First Round, teams were required to submit a 5-page executive summary. 12 teams were selected to proceed into the Semi-Final, then 4 finalist teams pitched their proposals in the Grand Final. Our team devised a circular solution – “Tesco’s Environmentally Sustainable Cattle Operation (TESCO)” which upcycles Tesco’s food waste through insect farms into protein supplements for cattle in Tesco’s dairy farms. I am glad that our team performed well and won the Championship at last.

My parts were the LCA (life cycle assessment) and Financials sections, which were quite technical. I read many scientific papers while compiling and comparing information about pollutants emitted, energy use, and land use during the various alternative processes of producing protein supplements for cattle. Besides, it was my first attempt in doing financial analysis, such as projecting costs and conducting a cost-benefit analysis. It was a refreshing experience and a great learning opportunity, and I hope to collaborate with my teammates Germaine and Zoe again soon.”

(By Fung Sem Tou Sheryl)

 

“I have gained a better insight into what ESG is, and beyond that, I have learned how to apply ESG concepts in an actual business/real-life setting. Other than knowledge gains, I have strengthened all forms of soft skills, such as presentation, collaboration, and leadership skills.”

(By Tsang Zoe)

Other Event's Album
HKUBS and Alibaba Cloud Academy Launched the First Undergraduate Course in Cloud Computing
2024 | 学院新闻
HKUBS and Alibaba Cloud Academy Launched the First Undergraduate Course in Cloud Computing
HKU Business School and Alibaba Cloud Academy successfully launched the first cloud computing credit course for undergraduate students. In the second semester of 2023/24, over 50 students worldwide enrolled in the course. Nearly 90% of the students attained the Alibaba Cloud Associate (ACA) Cloud Computing Certification at the end of the course.
香港大学赛马会环球企业可持续发展研究所举办首届论坛倡导ESG最佳实践
2024 | 学院新闻
香港大学赛马会环球企业可持续发展研究所举办首届论坛倡导ESG最佳实践
由香港大学(港大)创办,并由香港赛马会慈善信托基金捐助的香港大学赛马会环球企业可持续发展研究所(研究所)于6月5日正式成立,并举办首届ESG论坛,旨在促进各界对话和合作,共同探讨解决环境、社会和管治(ESG)挑战的最佳实践和创新解决方案。