The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) met on 8 January 2024 to discuss the work plan this year and agreed on the following three key initiatives to capture financing and investment opportunities from the Asia-Pacific Region’s low carbon transition:
1. Adopting International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards locally as appropriate.
2. Leveraging technology to support sustainability reporting and data analysis.
3. Supporting the development of transition finance to consolidate Hong Kong’s role as a leading sustainable finance hub.
HKGFA fully supports the initiatives and will continue to work closely with the Steering Group and industry members to promote local adoption of IFRS Sustainability Disclosure Standards, green fintech and green tech as well as fostering the development of transition finance through working groups, research, capacity building and many of our industry activities.
Read the full announcement: