Regulatory Alerts2024-12-16
Added · Updated
Good Practices on Transition Planning
The Hong Kong Monetary Authority issued this circular to share key observations and good practices on transition planning based on a survey of 38 authorized institutions conducted in Q4 2023. The guidance supports Goal #1 of the Sustainable Finance Action Agenda, which requires banks to strive for net zero in their own operations by 2030 and in financed emissions by 2050. The regulator also announced the preparation of a new Supervisory Policy Manual module GS-2 to set out formal expectations for managing net-zero transition risks.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share