Transition finance is critical for reaching net zero goals. As a regional sustainable finance hub, Hong Kong can play a leading role in facilitating transition activities in Asia.
The Steering Group strives to support transition planning, disclosure of transition plans by corporates and financial institutions, and transition finance through policy measures, incentives and capacity building.
Useful Links
- HKMA’s Circular on planning for the net-zero transition
In August 2023, HKMA issued a circular which sets out high-level principles to assist banks in maintaining safety and soundness in the net-zero transition. - HKMA's Circular on good practices on transition planning (with Annex)
In December 2024, HKMA issued a circular setting out some good practices for banks to make reference to when conducting transition planning. - SFC’s Circular on Management and disclosure of climate-related risks by fund managers
The SFC requires fund managers managing collective investment schemes to take climate-related risks into consideration in their investment and risk management processes and make appropriate disclosures under the Fund Manager Code of Conduct (FMCC).
Disclaimer: Any external links provided in this website, other than those managed by member(s) of the Green and Sustainable Finance Cross-Agency Steering Group (CASG), are for informational purposes only. Inclusion of such links does not indicate use of or endorsement by any member of the CASG.
