Hong Kong's Green and Sustainable Finance Cross-Agency Steering Group has outlined three key initiatives to tap into financing opportunities from the Asia-Pacific Region’s low carbon transition. These include adopting International Financial Reporting Standards Sustainability Disclosure Standards locally, prioritizing transition finance in 2024, and utilizing technology for sustainability reporting and data analysis. The Steering Group plans to showcase green fintech use cases in Q1 2024, enhance its website, and launch tools jointly developed with Hong Kong University of Science and Technology. The initiatives aim to strengthen Hong Kong's position as a leading sustainable finance hub, focusing on collective action from the public and private sectors.

Source: ESGNewsasia