Cross-Agency Steering Group Announces Key Initiatives to Support Hong Kong in Capitalising Sustainable Finance Opportunities

The Green and Sustainable Finance Cross-Agency Steering Group has announced three key initiatives to support Hong Kong in capitalising sustainable finance opportunities from the Asia-Pacific Region’s low carbon transition. The group will adopt International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards locally, leverage technology to support sustainability reporting and data analysis, and support transition finance to consolidate Hong Kong’s role as a leading sustainable finance hub.

The group will also launch enhancements to its website, including the Climate and Environmental Risk Questionnaire for Non-listed companies and new greenhouse gas emissions calculation tools. The group also plans to work with regional and international partners on capacity building and elevate Hong Kong’s thought leadership in the net-zero transition.

Resource: https://www.ia.org.hk/en/infocenter/press_releases/20240108.html

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