ESG Disclosure and Integration Working Group, co-chaired by Hong Kong Investment Funds Association (HKIFA) and CECEP Environmental Consulting, aims to foster green finance development in Hong Kong through promoting and enhancing ESG disclosure and integration with working plans on research, policy consultation, capacity building and cooperation.
External Collaborations Working Group focus on two major workstreams: Financial Centres for Sustainability (FC4S) and Greening the Belt and Road. FC4S focus is chaired by Ben McQuhae & Co. and Greening the Belt and Road focus is chaired by Bay Area Capital Partners Limited and Standard Chartered.
Green and Sustainable Banking Working Group, co-chaired by Bank of China (Hong Kong) Limited and HSBC, aims to promote Hong Kong as a green finance centre, and support HKMA’s Green and Sustainable Banking initiative to raise awareness, increase engagement and enhance the capabilities of the Banking sector in Hong Kong. Delivering banking solutions to support the transition to a low carbon and sustainable economy, the working group is open to all HKGFA member banks, where banking representatives can share their insights and experience in Green Finance at regular group meetings. We encourage banks joining HKGFA to join the workgroup and non-bank members of the Association are welcome to contribute. We will post here updates on activities periodically.
Green and Sustainable Insurance Working Group, co-chaired by Aon Hong Kong Ltd and Friends of The Earth (HK), aims to develop a compulsory green insurance system which focuses on supporting and coordinating with other green/ sustainable financial services that are compliant with the Environmental, Social and Governance reporting requirements and the Sustainable Development Goals.
The Green and Sustainable Private Equity Working Group co-chaired by CDP Worldwide and Hong Kong Private Equity Finance Association to raise green and sustainable finance awareness in the private equity sector and support cross border investments.
The Green and Sustainable Real Estate Working Group is co-chaired by HKGFA and Link Asset Management Limited. In supporting the growing awareness in the green building sector, the working group was established in 2021 to promote the building sector to move towards the Net Zero target by 2050.
Green Bonds and Product Innovation Working Group co-chaired by International Capital Market Association and Natixis and facilitates the communication within the green bond community in Hong Kong, to encourage green bond issuances in the capital market and sustainable investment.
As the growing demand for financing a global transition into green economies gathers pace, green bonds have become a source of significant growth within the global bond market and their gross issuance continues to rise.
Policy Research and Dissemination Working Group, co-chaired by Our Hong Kong Foundation and Institute for Public Policy of the Hong Kong University of Science and Technology, targets to offer policy recommendation to the HKSAR Government to strengthen Hong Kong’s green finance market and the ESG ecosystem.