Banking - Financing the Transition Working Group, co-chaired by Bank of China (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited, aims to support Hong Kong Monetary Authority (HKMA)’s initiatives to address climate risk and promote green and sustainable banking. The working group’s strategic focus is on financing the transition, engaging members on transition-related initiatives, facilitating dialogue and collaborating with multi-stakeholders to build capacity and increase the flow of capital to companies in transition to net zero. The working group is open to all HKGFA member banks. We encourage banks joining HKGFA to join the workgroup and non-bank members of the Association are welcome to contribute.
Product Innovation & Solutions Working Group, co-chaired by Fidelity International and International Capital Market Association (ICMA), aims to engage stakeholders and build capacity on emerging sustainable financing products and solutions, promote ESG data and green technology innovation to accelerate transition to net zero in Hong Kong, the Greater Bay Area and beyond.
Sustainability-related Disclosures, Policy & Standards Working Group, co-chaired by Hong Kong Investment Funds Association (HKIFA) and Invesco, aims to foster and promote interoperability, comparability, transparency and harmonization of international sustainability standards aligned to local markets. The working group engages members in Regulatory and Policy Consultations, and provides a collective voice to the relevant government, regulators and policy makers. As well as capacity building, best practice and considerations for integration into business and investment strategies.
Greater Bay Area Green Finance Alliance Working Group, co-chaired by CECEP Environmental Consulting Group Limited and PricewaterhouseCoopers (PwC), aims to facilitate GBA-GFA platform with Hong Kong led initiatives as the HK representative, fostering closer integration and regulatory cooperation on sustainable finance development and harmonisation of standards, leveraging the extensive network and connecting green investment demand with supply in the four GBA regions.
Real Estate Working Group, co-chaired by Allied Sustainability and Environmental Consultants Group Limited and Arup, aims to convene the building and infrastructure sector to identify solutions and pathways to achieve the carbon neutrality target and build climate resilience. The working group plans are to develop initiatives, such as green building finance, green building/climate risk research, policy engagement, and promotion of green and sustainable finance and certification to SMEs and supply chain to address carbon emissions.