Hong Kong launched the “Green and Sustainable Finance Grant Scheme (GSF)” to provide funds for issuers of green bonds and borrowers of green loans to promote the development of green and sustainable finance. This plan is integrated from the
The United Nations Principles for Responsible Investment (UNPRI) was initiated by the United Nations in 2006 and participated by global financial institutions. Like the ESG proposed in 2004, the goal of UNPRI is to create an efficient and sustainable global financial system
In 2017, Hong Kong released the “2030 Climate Action Blueprint”, promising to reduce carbon emissions to 65% to 75% of 2005 by 2030. In 2020, carbon emissions have been reduced to 80%.
Hong Kong’s carbon emissions have reached a peak in 2014. According to
In 2018, Hong Kong launched the government green bond program for the first time, with an initial borrowing ceiling of HK $100 billion (about $12.8 billion). This borrowing limit was increased to HK $200 billion ($25.6 billion) in 2021. The funds raised by green bonds are mainly
After ESG was proposed, how did the financial industry view this emerging investment concept? What was the early development of ESG? One year after ESG was proposed, the Global Compact once again held a meeting to invite representatives
ESG first appeared in 2004, the United Nations Global Compact released the report “Who Cares Wins”, which together with twenty financial institutions gave suggestions to the financial industry, hoping to better apply environment, society and
Recently, the European Union said that it would consider setting up a social climate fund to establish a new carbon emission trading system and provide funds for member countries to improve carbon emissions. The EU’s goal is to achieve zero greenhouse gas emissions by 2050
COP15 Conference, the fifteenth meeting of the Conference of the Parties to the Convention on Biological Diversity, is divided into two stages: the first stage was held by China in October 2021, and the second stage was held by Canada
Hong Kong Financial Services Development Council (FSDC) recently released a brief report on ESG, summarizing the development of ESG in Hong Kong and proposing a roadmap for follow-up actions. The report is divided into three parts, namely, the introduction of the
Hong Kong SFC classifies public funds on its official website, including environmental, social and governance funds. This category of funds incorporates ESG factors into their main investment priorities and reflects ESG factors in their
The Financial Services Agency of Japan (FSA for short) recently issued documents to supervise ESG fund greenwashing. FSA believes that with the introduction of ESG into the name and investment strategy of the fund, the problem of greenwashing is
This regulatory document is the first time that the regulatory authority has formulated the ESG fund greenwashing issue. It believes that if the fund pursues sustainability, it needs to disclose relevant specific plans to the market
