The Green and Sustainable Finance Cross-Agency Steering Group, of which the Hong Kong Mandatory Provident Fund Schemes Authority is a member, published three 2025 priorities to support the growth of sustainable finance in Hong Kong. The agenda focuses on accelerating sustainability disclosures aligned to International Financial Reporting Standards Sustainability Disclosure Standards, strengthening transition finance market infrastructure, and expanding data and technology support for reporting and financing. Work on disclosures will centre on actions to support implementation of the ISSB Standards, including technical assistance on sustainability reporting, development of a sustainability assurance framework, and industry capacity-building programmes, building on the Hong Kong Special Administrative Region Government’s roadmap that targets full adoption by large publicly accountable entities no later than 2028. To reinforce Hong Kong’s role as a sustainable and transition finance hub, the Steering Group is engaging industry 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, a new Transition Finance Knowledge Hub, and continued efforts to develop Hong Kong as an Asia-Pacific carbon trading hub. On data and technology, it plans to publish an official Hong Kong Green Fintech Map in the first half of 2025 and to enhance its public utility data tools during the year, including greenhouse gas emissions calculation and estimation tools and a Climate and Environmental Risk Questionnaire for non-listed companies and small and medium-sized enterprises. Next steps include publication of the Hong Kong Green Fintech Map in the first half of 2025 and ongoing enhancements to the Steering Group’s public data tools throughout 2025.

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