green finance Tag

25 Mar One Earth Summit: Hong Kong aims to be among first to align with global ISSB sustainability disclosure standards

Posted at 09:33h in Asia

The government will develop “a holistic approach” that includes phased implementation of the disclosure requirements for “all financial services sub-sectors”, including listed companies, banks, fund managers, insurance companies and Mandatory Provident Fund trustees, Hui said.Screens show the Hang Seng Index and other market indicators inside...

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24 Mar Hong Kong’s status as green finance hub in danger from ‘loopholes’, lack of greenwashing checks: Greenpeace

Posted at 02:00h in Asia

To achieve its climate goals, Hong Kong should close three “loopholes” in green finance by setting volume targets, restricting fossil fuel financing and enacting a specialised anti-greenwashing law, according to Greenpeace.While the city boasts of being the top green finance hub in Asia, having arranged...

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21 Mar Transition finance seen as a crucial tool in the fight against climate change in Asia

Posted at 23:30h in Asia

There is a US$4 trillion funding gap compared with the US$5 trillion annual investment the world needs to make by 2030 to reach the Paris Agreement’s ambition to contain global warming at 1.5 degrees Celsius by achieving net zero carbon emissions by 2050, the International...

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28 Feb Opinion | Carbon tracker tools show how Hong Kong can aid global climate fight

Posted at 07:30h in Asia

A low-carbon future requires decarbonisation and strengthening ecosystems. It requires sustained efforts over decades. Economies must decarbonise heavy industries and sectors including energy, transport, agriculture and manufacturing, accelerate resource reuse and recycling, and mount massive nature conservation efforts.The overall aim includes establishing a new corporate...

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26 Feb Climate change: Hong Kong Monetary Authority to roll out risk assessment platform for banks, workforce training programmes

Posted at 23:00h in Asia

The Hong Kong Monetary Authority is expanding its role as a banking supervisor by addressing the pain points faced by the industry when managing climate risk, including setting up an online risk assessment platform and training the workforce.The authority has been developing the cloud-based physical...

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26 Feb Opinion | Why the Asia-Pacific needs Hong Kong’s help to fight climate change

Posted at 21:30h in Asia

Take clean energy as an example. To meet rising energy needs in ways that align with the Paris Agreement, annual public and private investment in clean energy in emerging and developing markets in Asia will need to nearly triple to as much as US$1.7 trillion...

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21 Feb Sustainability: Hong Kong university and green finance agency backed by regulators launch emissions calculation tools

Posted at 23:00h in Asia

“These new tools feature easy navigation and are catered for the local market,” she said. “We encourage market participants to make use of the tools to improve sustainability practices and enhance market transparency.”The calculation tool enables users, especially small and medium-sized enterprises (SMEs), to calculate...

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12 Feb Green finance: China faces acute lack of talent for sustainability-linked investment, says CFA Institute

Posted at 03:30h in Asia

China lacks both an adequate supply and a pipeline of finance professionals with expertise in environmental, social and governance (ESG) issues as demand for such people surges amid a boom in sustainable investing, according to the CFA Institute.China is struggling to develop ESG analysts, strategists...

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04 Feb Hong Kong to host sustainable finance training event for Asian policymakers, regulators and finance professionals

Posted at 06:00h in Asia

“After many years of sustainable finance development, globally we see that the majority of the sizeable transactions are happening in the Organisation for Economic Co-operation and Development countries (OECD) and China,” Ma told the Post.“The rest of the emerging markets are lagging behind in terms...

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25 Jan Hong Kong to launch subsidy scheme for green fintech start-ups to bolster sustainability data acumen, official says

Posted at 11:30h in Asia

The Hong Kong government will soon launch a subsidy scheme for start-ups with expertise in the collection, analysis and reporting of sustainability data as part of an effort to connect the city’s financial acumen with a growing fintech field and support the climate transition, according...

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