Regulatory Alerts2021-12-08
Added · Updated
Sound Practices Supporting the Transition to Carbon Neutrality
The Hong Kong Monetary Authority issued this letter to share sound practices adopted by leading banks to support the transition to carbon neutrality. The document outlines four key areas for action: reducing own operational greenhouse gas emissions, aligning financed emission portfolios with net zero targets, assisting clients in transitioning to sustainable business models, and promoting collective industry efforts. Authorized institutions are strongly encouraged to enhance their green programs, develop monitoring metrics, and report progress to their boards, as the HKMA may incorporate these practices into its future greenness assessment framework.
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