Regulatory Alerts2023-05-30
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Consultation Report: Prototype for a Green Classification Framework for Hong Kong
The Hong Kong Monetary Authority commissioned the Climate Bonds Initiative to develop a prototype green classification framework to support Hong Kong's transition to a green finance hub and its 2050 carbon neutrality goals. The proposed taxonomy aligns with the Common Ground Taxonomy and international standards like the EU and Mainland China frameworks, utilizing a three-layer structure and science-based technical screening criteria to define environmentally sustainable activities. This consultation seeks stakeholder feedback on the prototype's design, core principles, and operational tools to ensure interoperability and prevent greenwashing in the financial sector.
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