The Green and Sustainable Finance Cross-Agency Steering Group of Hong Kong shared their priorities for enhancing the sustainable finance ecosystem of the special administrative region. In a press release published by the Securities and Futures Commission (SFC), the Steering Group plans to establish a road map for implementing the International Financial Reporting Standards Sustainability Disclosure Standards. Additionally, they aim to strengthen the finance ecosystem’s capacity, data, and technology to facilitate a net-zero transition across the economy through workshops supporting non-listed companies and small and medium-sized enterprises, a portal containing climate-related data, potential private-public partnerships for technology development, and stakeholder engagement to create a financial technology road map. The Steering Group also seeks to cultivate diverse and trustworthy markets to support financial institutions and corporations in their transition planning and reporting. The Steering Group is co-chaired by the Hong Kong Monetary Authority and the Securities and Futures Commission, the SFC said.
November 26, 2024
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