This report is the first quarterly update on the HSBC GBA ESG Index (the Index), which analyses the ESG and sustainable development performance of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in Q4 2022 and Q1 2023. In the GBA ESG Industry Sub-indices section of this report, we focus on the consumer discretionary sector, which has demonstrated a marked improvement within the context of the reopening and recovery of mainland China’s economy. This report further analyses how the GBA is responding to the sustainability-related opportunities and challenges for two specific industries in the consumer discretionary sector in particular, namely, the automotive industry and the textile and garment industry.