Regulatory Alerts2024-03-26
Added · Updated
Greenhouse Gas Emissions Calculation and Estimation Tools
The Hong Kong Monetary Authority encourages authorized institutions to utilize new greenhouse gas emissions calculation and estimation tools developed by the Green and Sustainable Finance Cross-Agency Steering Group. These tools facilitate data collection from non-listed clients, particularly small- and medium-sized enterprises, by enabling the calculation of actual emissions or estimation where data is limited. While institutions may continue using other methodologies, they must adhere to the Supervisory Policy Manual module GS-1 on Climate Risk Management.
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