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Green and Sustainable Finance Cross-Agency Steering Group

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In May 2020, the SFC and the Hong Kong Monetary Authority (HKMA) initiated the establishment of the Green and Sustainable Finance Cross-Agency Steering Group. Other members include the Accounting and Financial Reporting Council (AFRC), Environment and Ecology Bureau, Financial Services and the Treasury Bureau (FSTB), Hong Kong Exchanges and Clearing Limited, Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA).

In October 2022, the CASG launched the Sustainable Finance Internship Initiative to support capacity building. As part of this effort, the SFC, the HKMA, the IA and the MPFA have encouraged their respective constituents to join the Initiative via a Joint Letter.

The SFC introduced a new Sustainable Finance Internship Programme, providing university students with exposure to setting and implementing sustainable finance policies.

In April 2023, the FSTB and the SFC co-hosted the Guangdong-Hong Kong-Macao Greater Bay Area Green Finance Cooperation Meeting to discuss the work directions for further deepening regional collaboration to create a comprehensive green and sustainable finance ecosystem.

In May 2023, the CASG met with financial market participants, academia and technology firms to exchange views on the latest developments on transition finance and green fintech, and promoting Hong Kong’s strengths as an international sustainable finance hub.

Date Title
27 Mar 2024 Cross-Agency Steering Group and International Sustainability Standards Board members met in Hong Kong
1 Mar 2024 Green Fintech Map launch showcases Hong Kong’s edge in sustainable finance
21 Feb 2024 New greenhouse gas emissions calculation and estimation tools to support sustainability reporting
21 Feb 2024 Cross-Agency Steering Group launches revamped website for sustainable finance
8 Jan 2024 Cross-Agency Steering Group announces key initiatives to support Hong Kong in capitalising sustainable finance opportunities
7 Aug 2023 Cross-Agency Steering Group announces priorities to further strengthen Hong Kong’s sustainable finance ecosystem
27 Jun 2023 Cross-Agency Steering Group welcomes publication of IFRS Sustainability Disclosure Standards
13 Mar 2023 Cross-Agency Steering Group and CDP co-organise joint seminar on sustainability reporting
20 Dec 2022 Cross-Agency Steering Group announces collaboration with CDP to enhance data availability and sustainability reporting in Hong Kong
31 Oct 2022 Pilot Green and Sustainable Finance Capacity Building Support Scheme begins accepting eligible programme applications
28 Oct 2022 Cross-Agency Steering Group welcomes launch of HKEX’s Core Climate to mobilise finance for the transition to a low carbon economy
21 Jun 2022 Cross-Agency Steering Group announces launch of information and data repositories and other progress in advancing Hong Kong's green and sustainable finance development
31 Mar 2022 The Green and Sustainable Finance Cross-Agency Steering Group welcomes the publication of the International Sustainability Standards Board proposed standards for public consultation
30 Mar 2022 Cross-Agency Steering Group releases assessment of carbon market opportunities for Hong Kong and next steps
16 Dec 2021 Cross-Agency Steering Group announces progress and way forward to advance Hong Kong's green and sustainable finance development
5 Nov 2021 Green and Sustainable Finance Cross-Agency Steering Group reaffirms commitment to develop Hong Kong as a green finance hub
11 Oct 2021 Green and Sustainable Finance Cross-Agency Steering Group supports Hong Kong's Climate Action Plan 2050
15 Jul 2021 Cross-Agency Steering Group announces next steps to advance Hong Kong's green and sustainable finance strategy
17 Dec 2020 Strategic Plan to Strengthen Hong Kong's Financial Ecosystem to Support a Greener and More Sustainable Future
5 May 2020 Joint statement on the establishment of the Green and Sustainable Finance Cross-Agency Steering Group

Last update: 10 Apr 2024

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