Adoption Practice Guide on Greentech in the Banking Sector

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18 February 2025 The Chief Executive All Authorized Institutions Dear Sir/Madam, Adoption Practice Guide on Greentech in the Banking Sector I am writing to inform you of the publication of an Adoption Practice Guide on Greentech in the Banking Sector. This practice guide explores the adoption of Greentech and its potential to facilitate Authorized Institutions’ transitions to net zero, for both internal operations and financed emissions. As part of the “Fintech 2025” strategy, the Hong Kong Monetary Authority (HKMA) has been promoting cross-sectoral adoption of Fintech under the “All banks go Fintech” initiative, with Greentech being a key area of focus. In light of the increasing imminence of climate-related risks, and further to FiNETech 31 collaboration in November 2024, this practice guide provides insights into the role of sustainable practices in enabling Authorized Institutions to mitigate the risks and how Greentech solutions can facilitate their net zero transitions. The guide also offers practical guidance on how to leverage Greentech solutions to address real-world challenges faced by Authorized Institutions. We encourage your institution to review this guide and consider how Greentech can be integrated into your operations responsibly. Should you have any questions about the guide, please contact us at All-banks-go-fintech@hkma.gov.hk. Yours faithfully, Carmen Chu Executive Director (Banking Supervision) Encl 1 FiNETech 3 - Beyond Greenfinity - was the third instalment of the FiNETech series, involving over 150 banks, securities, insurance and technology companies to explore next-level Fintech collaboration on Greentech.