The Green and Sustainable Finance Cross-Agency Steering Group, co-chaired by the Hong Kong Monetary Authority and the Securities and Futures Commission, has published three priorities for 2025 to support the growth of sustainable finance in Hong Kong. The programme centres on building a sustainability disclosure ecosystem, reinforcing Hong Kong’s role in sustainable and transition finance, and using data and technology to support reporting and sustainable financing. On disclosure, the Steering Group will support implementation of the International Financial Reporting Standards Sustainability Disclosure Standards (ISSB Standards) in Hong Kong, including technical assistance on sustainability reporting, development of a sustainability assurance framework and capacity-building programmes with industry. To scale green and sustainable finance, it is engaging the market to expand the Hong Kong Taxonomy for Sustainable Finance to incorporate transition elements and add new sustainable activities, alongside sectoral operational guidance for transition finance and a Transition Finance Knowledge Hub; it also reiterated work to develop Hong Kong into an Asia-Pacific carbon trading hub through increased stakeholder engagement and regional capacity building. On data and technology, the Steering Group is developing an official Hong Kong Green Fintech Map for publication in the first half of 2025 and will continue enhancing its public utility data tools during 2025, including two greenhouse gas emissions calculation and estimation tools and a Climate and Environmental Risk Questionnaire for non-listed companies and small and medium-sized enterprises.

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