Cross-Agency Steering Group sets 2025 priorities to support growth of sustainable finance in Hong Kong

The Green and Sustainable Finance Cross-Agency Steering Group in Hong Kong has outlined three key priorities for 2025 to bolster sustainable finance growth. First, it aims to develop a comprehensive sustainability disclosure ecosystem by implementing the International Financial Reporting Standards Sustainability Disclosure Standards and providing technical assistance and capacity-building programs. Second, the Group seeks to reinforce Hong Kong’s status as a sustainable finance hub by expanding its Taxonomy for Sustainable Finance to include transition elements and creating a Transition Finance Knowledge Hub. Lastly, it will leverage data and technology to enhance sustainability reporting, including the launch of a Hong Kong Green Fintech Map and improved public data tools. Established in May 2020, the Steering Group is co-chaired by the Hong Kong Monetary Authority and the Securities and Futures Commission, with a focus on managing climate risks and supporting government climate strategies. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250206-3/