Regulatory Alerts2022-12-09
Added · Updated
Due diligence processes for green and sustainable products
The Hong Kong Monetary Authority issued this note to summarize good practices identified during thematic examinations of authorized institutions' green and sustainable product due diligence processes. It outlines five key principles for robust product governance, comprehensive greenness assessments, post-offering monitoring, enhanced transparency, and building specialized expertise. These measures aim to ensure alignment with climate strategies and mitigate greenwashing risks across various financial products.
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