Overview
Hong Kong’s ESG regulatory policies are mainly formulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong, and many polices are based on the Hong Kong Climate Action Plan 2050.
As an international financial center, Hong Kong launches a series of green financial instruments and releases the Green and Sustainable Finance Grant Scheme to provide subsidies to the market. The Hong Kong government also issues green bonds to institutional investors and individual investors to increase public participation.
Hong Kong is regulating ESG development, such as setting climate information disclosure standards based on ISSB guidelines and requiring mandatory disclosure by listed companies. Hong Kong is also planning to establish a green taxonomy to provide a standard framework for sustainable activities.P
Hong Kong Releases Sustainable Finance Development Measures
Hong Kong Green and Sustainable Finance Cross-Agency Steering Group releases sustainable finance development measures
Hong Kong SFC Plans to Regulate ESG Ratings and Data Products
The Hong Kong Securities and Futures Commission (SFC) plans to regulate ESG ratings and data products
Hong Kong Trade Development Council Releases Greater Bay Area Enterprise ESG Report
The Hong Kong Trade Development Council (HKTDC) released the Greater Bay Area Enterprise ESG Report
Hong Kong Plans to Issue Retail Green Bond
The Hong Kong government plans to issue its first retail green bond this year
Hong Kong Monetary Authority Releases Net Zero Plan
Net Zero Plan for Banking The Hong Kong Monetary Authority (HKMA) releases the Net Zero plan for the banking industry, which aims to assist banks
Hong Kong Releases Sustainable Finance Work Plan
Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (CASG) released a sustainable finance work plan
Hang Seng Indexes Company Releases China Central SOEs ESG Leaders Index
Hang Seng Indexes Company announced the launch of the Hang Seng SCHK China Central SOEs ESG Leaders Index
Hong Kong Plans to Establish Green Taxonomy
Hong Kong Monetary Authority plans to establish a green taxonomy in order to strengthen the international green financial center