The Green and Sustainable Finance Cross-Agency Steering Group and the Hong Kong University of Science and Technology today launched two greenhouse gas emissions calculation and estimation tools to facilitate sustainability reporting by corporates and financial institutions in Hong Kong.
The two new measurement tools are :
- a calculation tool that enables users, especially small and medium-sized enterprises to calculate their own GHG emissions based on actual activity levels; and
- an estimation tool that enables users, primarily financial institutions, to estimate the GHG emissions of their investees or borrowers where data of underlying companies is limited.
These easy-to-use tools represent an early step by Hong Kong to assist SMEs to periodically estimate their carbon footprints so that they can disclose it to stakeholders. In the era of climate change, making such data transparent across the economy is becoming a new element of corporate governance. It is vital that these tools are widely promoted, as their success lies in broad usage.”
Resources:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR25
