Regulatory Alerts2021-12-08
Added · Updated
Sound Practices Supporting the Transition to Carbon Neutrality
The Hong Kong Monetary Authority issued this circular to provide sound practices supporting the transition to carbon neutrality for all authorized institutions. It serves as an annex to the Supervisory Policy Manual module GS-1 on climate risk management, offering guidance on integrating climate considerations into banking operations. The document outlines expectations for institutions to manage climate-related risks effectively during the shift toward carbon neutrality.
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