This quarterly HSBC GBA ESG Index report analyses the ESG and sustainable development performance of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in Q2 2023. The GBA ESG Regional Index increased by 3% YoY to reach 122.15 in Q2 2023, with notable improvements in the areas of economic and social development, corporate governance, and green and sustainable finance. Real estate sector is under increasing pressure to reduce carbon emissions within the context of the national dual carbon goals and increasing demand for green buildings. The report has also highlighted some of the leading practices GBA companies have adopted at various key stages of the building lifecycle.