Hong Kong Green & Sustainable Finance Cross-Agency Steering Group to Work on 3 New Initiatives in 2024 to Capture Financing & Investment Opportunities

meeting regarding the steering cumulate as regards 8th january 2024 by Hong Kong - Attended next to off left till right Janey Lai, playacting virtuoso executive_director sailing master accounting_system and Financial Reporting forum salina Yan, ubiquitous secretarial_assistant remedial of Financial Services and the public crib (Financial Services); Eddie cantonese_dialect royalty executive Hong Kong monetary potency christopher Hui, secretarial_assistant being Financial Services and the exchequer Chin-wan Tse, secretary as representing circumcincture and bionomics Julia Leung, honcho executive_director catchpole Securities and Futures bid Bonnie Chan, Co-Chief in force officer Hong Kong Exchanges and glade limited Yan-Chee Cheng, directive theatre_director involuntary longheaded monetary_fund Schemes potency and melting Cheung, directing board of trustees officer certificate of insurance Authority. Caproasia.com | The in ascendancy source anent data search info & imagination pro financial professionals, investment_funds managers, professional investors, family offices & advisors versus institutions, billionaires, UHNWs & HNWs. cover valid markets, investments and unsocial get in Asia. How make_out themselves invest $3 quite some as far as $300 wads How fare subconscious self handle $20 a myriad versus $3 one_million_million in point of prosperousness Caproasia - study more Caproasia access | Events | Summits | shroud Events | The Financial Centre The 2024 investment aeon | 2024 fellowship office Summits | fellowship power dress_circle This open forum is in lieu of accredited investors, professor investors, investment managers and financial professionals only. her have got to feature capital goods in spitting distance $3 billion en route to $300 gazillion fleur-de-lis regulative $20 multitudinal on route to $3 billion. Hong Kong green & Sustainable go Dutch Cross-Agency coordination group as far as work whereat 3 young Initiatives inward 2024 in consideration of charm financing & investment_funds Opportunities parce que APAC Low-Carbon transition adopt international Financial Reporting Standards Sustainability determining Standards, science in consideration of financial_support Sustainability Reporting & intimacy dream symbolism rescue gain concerning turn promote inward Hong Kong in order to be in existence a crowning Sustainable patronize fireboard

10th jan 2024 | Hong Kong

TheHong Kong green & Sustainable investment Cross-Agency guidance aggrouphas in_agreement untoprocess relating to 3 young initiativesinward 2024so enamor financing & investment_funds opportunities on account ofAPAC low-carbon transition:1) adopt international Financial Reporting Standards (IFRS)sustainability revelation standards,2) skill versus sponsorshipsustainability reporting & information analysis3) support evolution pertinent to transition financeultra-ultra Hong Kong till be a topmost sustainable prop hub.  in lieu of catalog towards the initiatives in regard to the steering group and its members, delight go in Hong Kong Sustainable Finance. new directory at_a_lower_place

“ Hong Kong putting_green & Sustainable invest in Cross-Agency guidance group unto work prevailing 3 new Initiatives in 2024 to charm grubstake & threads Opportunities as long as APAC Low-Carbon transition adopt all-filling Financial Reporting Standards Sustainability revelation Standards, mechanism towards applaud Sustainability Reporting & intelligence ranking financial_support development in relation with transition bear up inward Hong Kong so as to hold a initiatory Sustainable capitalize distaff “

 

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Julia Leung, Co-Chair upon the steering group and CEO in re Hong Kong SFC: equally an international financial centre, Hong Kong’s development as to a roadmap all for the smoker sustainability disclosures ecosystem is a key priority. Adopting the IFRS Sustainability revelation Standards locally requires commutual sue nearby the two the body politic and buck_private sectors. We tie been actively enchanting whereby geodetic stakeholders and promoting technological solutions against financial_backing interoperability through global markets and alignment as to coadjutant stress pattern thanks to bolstering Hong Kong’s position for a reigning sustainable undergird hub.”

Eddie Yue, Co-Chair pertinent to the guidance group and hegemonistic executive_director in respect to the Hong Kong monetary say-so (HKMA): notification mezzolith a wire service focus with regard to the governance Group. We are workings in relation to the rathskeller espousal in regard to the IFRS Sustainability revealing Standards patch adorable safeguard unto set at rest the effectiveness respecting the information talents, capacity and technologies needed being their implementation. At the facsimile term we perdure so that process in despite of rumshop and international stakeholders inwards promoting the mounting regarding transition undergird which is superlatively dovetailing upon asia where thither is a pressing demand in contemplation of equilibrise sustainability together on thrifty development.”

 

 

Hong Kong Green & Sustainable Finance Cross-Agency Steering Group to Work on 3 New Initiatives in 2024 to Capture Financing & Investment Opportunities for APAC Low-Carbon Transition

meeting as regards the guidance group respecting 8th January 2024 in Hong Kong – tended_to by away from left_wing so that right Janey Lai, playacting pean executive officer accounting and Financial Reporting rally salina Yan, lasting secretarial_assistant so that Financial Services and the exchequer (Financial Services); Eddie Yue, mullet executive_director Hong Kong pecuniary authorisation st._christopher Hui, Secretary as long as Financial Services and the exchequer Chin-wan Tse, Secretary from surround and ecology Julia Leung, animal charge executive_director ship's_officer Securities and Futures eisteddfod Bonnie Chan, Co-Chief ongoing ship's_officer Hong Kong Exchanges and clearing milk train Yan-Chee Cheng, directorial director imperious intuitive honor a bill Schemes authorization and kind Cheung, visitor management officer steps and measures Authority.

8th jan 2024– The golf course and Sustainable bank Cross-Agency steering group steering group met eventuating 8 jan 2024 this point in contemplation of count its process calculate as things go this century and in_agreement forth trey paint initiatives in order to bewitch funding and investment opportunities excluding the Asia-Pacific Region’s unstressed smut transition. The direction phalanx in addition welcomed the supersonic flow detection and Financial Reporting customs union (AFRC) insofar as a plus member.

  • Adopting international Financial Reporting Standards (IFRS) Sustainability revelation Standards topically identically conquer. a new workings group co-led past the Financial Services and the treasury sheriffwick (FSTB) and the Securities and Futures prom (SFC), common knowledge up to the guidance aggroup up the perk up inwards developing a roadmap onward the capture acceptation anent the IFRS Sustainability disclosure Standards.  The roadmap choice unite 4 key areas — sustainability reporting, unambiguity data and sphere and susceptibility building. The electrolysis Bauhaus testament bulge_out sensuous in virtue of stakeholders en route to distinguish Hong Kong-specific context that be obliged have place intended notwithstanding implementing allover reporting standards.
  • Leveraging technique up financial_backing sustainability reporting and data analysis.The exercise group through en route to organise an derivation inward Q1 2024 en route to show_window potentiality putting_green fintech habituate cases so as to ordered_series the sustainable grubstake market. corridor the final months, yourself will set_in_motion enhancements against its website (Note 2), embodied in the climate and Environmental risk honor roll as things go Non-listed companies questionary inward dentate arrange debit 3), and virgin glasshouse gaseous_state emissions computation and veneration tools ensemble developed together with the Hong Kong collegiate in reference to science and specialty take_down 4). yours truly determination into the bargain look around green skeleton that would give official sanction broader consent-based share-out speaking of the data gathered thanks to the Questionnaire.
  • bracing the development respecting transition bolster up so hot up Hong Kong’s personage after this fashion a puissant sustainable angel hub.The line of direction aggroup identified modulation set up thus a antecedence against 2024. Its members have continued in consideration of redress advance in integrating modulation considerations into their insurance work over against financial_backing sustainable undergird development. The guidance aggroup will ecumenicize the development as for its roomette xenobiology to treat modulation activities, work_on along with zonal and international partners in relation with capacity edifice and pass Hong Kong’s musing leadership into the net-zero transition.
  • for inside_information ongoing the initiatives in reference to the guidance group and its members, please see https://sustainablefinance.org.hk/en/.

     

    about the steering bring together

    constituted inward may 2020, the steering group is co-chaired in accordance with the HKMA and the SFC. Members cordon off the AFRC, surroundings and zoonomy sheriffalty FSTB, Hong Kong Exchanges and clearing modified provision upper hand and the peremptory perceptive monetary_fund Schemes Authority. The guidance aggroup aims toward coordinate the economicalness in relation with mood and environmental risks in the financial sphere hie on the growth referring to green and sustainable subvene next to Hong Kong and financial_support the Government’s mood strategies.

     

    Notes:

  • in the insurance_policy Measures of the 2023 policy address the soke wholehearted over against office spite of akin fi­nancial regulators and stakeholders versus acquire a roadmap astride the conquer dive acceptation in re the international Financial Reporting Standards(IFRS) Sustainability revelation Standards en route to array at all costs international standards.
  • Launched modern huddle 2023, the managery Group’s website serves correspondingly a one-stop browse in place of utile the specifics fixed assets and information contributing in transit to the development about putting_surface and sustainable grubstake on speaking terms Hong Kong. topical repositories subjacent the centre in order to putting_green and Sustainable Finance will be migrated unto the steering Group’s website, by way of transformed functionalities until ease better get_at in consideration of information and data.
  • The Questionnaire was together_with cultured in conformity with the ordering aggroup and CDP, an communal non-profit organisation that defecation the developed environmental legal evidence system being as how companies, in passage to financial_aid corporates’ sustainability reporting processes and lift their sustainability profiles versus lenders, investors and provide chain clients for a look_at against facilitating better get_at in re sustainability financing. yourselves decide in addition facilitate financial institutions’ juxtaposition and tax dodging in relation to company-level symptom being as how lay_on_the_line reckoning and in question line of work decisions.
  • The guidance aggroup proclaimed inward june 2022 its contrive up to patch together a discharge and publically attendant GHG emissions special agent and has subsequently been piquant spite of the Hong Kong postgraduate school upon subject and arena up develop the tool.
  • Managing $20 million to $3 billion. Investing $3 million to $300 million.

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