Regulatory Alerts2024-05-03
Added · Updated
Hong Kong Taxonomy for Sustainable Finance
The Hong Kong Monetary Authority commissioned the Climate Bonds Initiative to develop the Hong Kong Taxonomy for Sustainable Finance, a standardized framework for classifying green economic activities. This document establishes core principles aligned with the Paris Agreement, emphasizing interoperability with global taxonomies like the EU and Common Ground Taxonomies while providing specific technical screening criteria for sectors such as construction, electricity, and transportation. It aims to direct capital flows toward environmentally sustainable investments and strengthen Hong Kong's position as an international green finance hub by offering a science-based, verifiable definition of 'green' activities.
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