Established in May 2020, the Steering Group is committed to co-ordinate the management of climate and environmental risks to the financial sector, accelerate the growth of green and sustainable finance in Hong Kong and support the Government's climate strategies through:

• examining policy and regulatory issues in green and sustainable finance, particularly those which may have a cross-sectoral impact;

• facilitating policy direction and coordination to ensure Hong Kong has a cohesive and comprehensive green and sustainable finance strategy;

• addressing technical cross-sectoral issues by, for example, forming technical working groups and consulting with different experts and stakeholders;

• tracking international and regional trends, issues and developments in green and sustainable finance, and considering how Hong Kong should better position itself and provide leadership in the region and globally; and

• identifying areas where Hong Kong can promote its strengths and thought leadership on green and sustainable finance regionally and globally.