Document Type

Journal Article

Publication Date

2026

Keywords

CEPAR methodology; ESG integration; Industry maturity; Sustainable development; Hong Kong region enterprises

DOI

https://doi.org/10.61784/wms3112

Abstract

This study adopts the five-stage CEPAR (Challenge, Evaluation, Planning, Action, Review) methodology to conduct a comparative case analysis of ESG integration strategies across five key sectors (Real Estate, Financial Services, Technology, Logistics, and Retail) in Hong Kong region, based on simulated data of 15 enterprises. It explores sectoral differences in ESG implementation maturity, operational practices, developmental barriers, and alignment with the United Nations Sustainable Development Goals. The results reveal significant cross-sector maturity disparities: Financial Services ranks the highest (84.4/100) with robust evaluation and review mechanisms, followed by Technology (82.0), Retail (77.4), and Real Estate (73.2), while Logistics scores the lowest (67.0) due to inadequate green infrastructure and insufficient evaluation rigor. Key empirical findings demonstrate that sufficient budget input in the Challenge phase substantially improves Action-phase implementation success. Besides, conservative ESG evaluation correlates with more stable target delivery, and outcome-oriented ESG key performance indicators drive stronger market value growth. Additionally, frequent quarterly review cycles enable 40% faster adaptation to regulatory updates than annual reviews. This research validates CEPAR as a structured, flexible framework for Hong Kong region enterprises to embed ESG into core business strategies and comply with international sustainability standards including GRI and TCFD. It provides practical best practices and policy implications for regional sustainable development amid evolving ESG regulatory regimes.

Source Publication

World Journal of Management Science

ISSN

2959-9628

First Page

50

Last Page

60

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