Regulatory Alerts2023-08-29
Added · Updated
HKMA Principles for Net-Zero Transition Planning
The Hong Kong Monetary Authority issued high-level principles to assist authorized institutions in planning for a net-zero transition while maintaining safety and soundness. The guidance requires banks to set clear, science-based objectives, embed climate risks into governance frameworks, and actively engage with clients to align with their transition pathways. Additionally, the regulator mandates regular reviews of transition plans and enhanced transparency to meet evolving stakeholder expectations and international standards.
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