hong kong's green and sustainable finance strategy · hong kong's green and sustainable...
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To support a greener and more sustainable future
Hong Kong's Green and Sustainable Finance Strategy
Mandatory TCFD-aligned disclosures across all relevant sectors no later than 2025
Establish a platform to act as a focal point for cross-sectoral capacity building and repository of relevant resources
Adopt CommonGround Taxonomy
Support work ofIFRS Foundation onsustainability reporting
Promote climate-focused scenario analysis
Strengthen the management of climate-related �nancial risks to consolidate Hong Kong’s position as a global risk management centre
RiskManagement
Promote the �ow of climate-related information at all levels to facilitate risk management, capital allocation and investor protection
Disclosure
Enhance capabilities of market participants and raise awareness among the general public
CapacityBuilding
Encourage innovation and explore initiatives to facilitate capital �ows towards green and sustainable causes
Innovation
Capitalise on the opportunities presented by the Mainland to develop Hong Kong into a green �nance centre in the Guangdong-Hong Kong-Macao Greater Bay Area
Mainland Opportunities
Strengthen regional and inter-national collaboration
Collaboration
Green and Sustainable Finance Cross-Agency Steering GroupDecember 2020
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