Regulatory Alerts2024-05-03
Added · Updated
Hong Kong Taxonomy for Sustainable Finance
The Hong Kong Monetary Authority issued the Hong Kong Taxonomy for Sustainable Finance to establish a standardized classification system for green and sustainable economic activities. This framework requires authorized institutions to align their sustainability reporting and financial products with defined environmental objectives and technical screening criteria. The issuance follows a consultation process on a prototype green classification framework and aims to enhance market transparency and consistency in sustainable finance practices.
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