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
The Hong Kong Monetary Authority (HKMA) announces the issuance of two-year multi-currency digital green bonds
Hang Seng Indexes Company launches four ESG indices to provide the market with more sustainable investment options
The Hong Kong Productivity Council announces the launch of ESG One
Hong Kong Green and Sustainable Finance Cross-Agency Steering Group releases sustainable finance development measures
The Hong Kong Securities and Futures Commission (SFC) plans to regulate ESG ratings and data products
The Hong Kong Trade Development Council (HKTDC) released the Greater Bay Area Enterprise ESG Report
The Hong Kong government plans to issue its first retail green bond this year
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