
Hong Kong’s Securities and Futures Commission (SFC) has set out its plan to develop the domicile as a centre for sustainable investment.
The regulator’s Agenda for Green and Sustainable Finance follows the earlier publication of the Strategic Framework for Green Finance.
The agenda will focus on enhancing corporate disclosures; monitoring the implementation of and enhancing existing measures relating to environmental, social and governance (ESG) funds and expectations for fund managers; and identifying an appropriate regulatory framework for any proposed carbon markets.
“Climate change and sustainability are cross-border issues which require a coordinated response, and Hong Kong has a critical role to play as a regional and international green finance centre,” said the SFC’s chief executive Ashley Adler.
“The SFC will continue to lead global regulatory development in this space to ensure that domestic policies and international standards are aligned.”
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