ESG Post’s Post

Find out how Hong Kong is pioneering new era of green finance with a new carbon credit market,

⚡️NEW Report: Hong Kong Green and Sustainable Debt Market Briefing 2023 HK leads in Asia, with significant growth of 236% in 2023, and its included #greenbonds volume in 2023 reached the global top ten for the first time. Download now: https://ow.ly/VQTw50SnWUz This report is produced with the support of Standard Chartered, Hong Kong Green Finance Association (HKGFA) and Hong Kong Monetary Authority (HKMA). Climate Bonds Initiative CEO Sean Kidney said “Hong Kong is now one of the top ten green bond issuers in the world! I am so excited - this is incredibly important leadership in growing the region’s GSS+ bond market! This reflects the HKSAR government’s initiatives to support decarbonisation and to connect global capital to green investments in China. Bravo!” Read the press release: https://ow.ly/MMIB50SnX0A #hongkong #sustainablefinance #transitionfinance #esg

🌏 The Hong Kong Monetary Authority Launches the Sustainable Finance Action Agenda to Drive Green Transition 🌍 The Hong Kong Monetary Authority (HKMA) has taken a groundbreaking step toward establishing Hong Kong as a regional sustainable finance hub. With the launch of its Sustainable Finance Action Agenda, the HKMA has laid out ambitious goals to support green financing and the transition to a low-carbon economy. This comprehensive agenda addresses key targets that will drive forward #sustainabledevelopment in the financial sector, while ensuring alignment with international standards. Among the core priorities are directives for banks to: - Achieve #netzero financed emissions by 2050. - Enhance climate risk and opportunity disclosures, in line with ISSB Standards and Basel’s Pillar 3 framework. - Strive for net-zero in their own operations by 2030. This initiative also emphasizes #innovation in sustainable finance and aims to make Hong Kong the “go-to sustainable financing platform” in the region. Through targeted actions, the HKMA will encourage banks to foster sustainable finance by supporting digital green bonds, impact tracking, and a tech ecosystem that supports these goals. Incentives, such as subsidies and new opportunities in #digitalfinance, will enable issuers and borrowers to actively engage in sustainable financing. As the HKMA leads this journey toward a net-zero future, it’s clear that Hong Kong is on its way to becoming a sustainable finance powerhouse. Let’s embrace this vision, support innovation, and work together toward a greener, more sustainable world. #GREENIPATH #GreenPathForward #GreenEconomy #GreenFinance #Investment #ESG #EnvironmentalBenefits #FinancialReturns #sustainability #climate #climateaction #climatecrisis #sdgs #ESG #portfoliomanagement #environment #impact #nature #netzero

6th edition of Hong Kong sustainable debt market report is launching today: 🇭🇰Hong Kong Government becoming the largest source of aligned government bonds in Asia, now fifth largest cumulative government green bond issuer in the world. 🇭🇰In 2023, aligned volume of GSS+ debt originating from Hong Kong reached USD18.2bn, representing a year-on-year (YOY) increase of 236%. 🇭🇰Most of this debt (USD15.6bn) was issued under the green theme, while the social theme accumulated USD2.6bn. Social and sustainability (S&S) issuance volumes from Hong Kong issuers grew for a third consecutive year in 2023 to USD2.56bn, compared to 2022 (USD1.98bn). 🇭🇰With Climate Bonds’ support, HKMA proposed its green classification system which aims to harmonise with both the mainland Chinese and European Union Taxonomies and become the first jurisdiction to adopt the Common Ground Taxonomy (CGT), a joint initiative of the People’s Bank of China (PBOC) and the European Commission. This report is supported by Hong Kong Monetary Authority (HKMA) 、Hong Kong Green Finance Association (HKGFA) and Standard Chartered. full report here: https://lnkd.in/gYP6HVKA

Singapore's attraction as a key financial hub, combined with Australia's richness in both capital and assets, have long been a powerful draw for international business and global fund managers. But with the recent rollout of a green economy agreement on top of new targeted policies, what is the latest on Singaporean-Australian trade? Find out more the burgeoning investment corridor between the two nations: https://lnkd.in/eUZU3XUF #PrivateFunds #PrivateEquity #FundServices #FundAdministration #APAC #Singapore #Australia #InvestmentCorridor Patrick Na

6th edition of Hong Kong sustainable debt market report is launching: 🇭🇰Hong Kong Government becoming the largest source of aligned government bonds in Asia, now fifth largest cumulative government green bond issuer in the world. 🇭🇰In 2023, aligned volume of GSS+ debt originating from Hong Kong reached USD18.2bn, representing a year-on-year (YOY) increase of 236%. 🇭🇰Most of this debt (USD15.6bn) was issued under the green theme, while the social theme accumulated USD2.6bn. Social and sustainability (S&S) issuance volumes from Hong Kong issuers grew for a third consecutive year in 2023 to USD2.56bn, compared to 2022 (USD1.98bn). 🇭🇰With Climate Bonds’ support, HKMA proposed its green classification system which aims to harmonise with both the mainland Chinese and European Union Taxonomies and become the first jurisdiction to adopt the Common Ground Taxonomy (CGT), a joint initiative of the People’s Bank of China (PBOC) and the European Commission. This report is supported by Hong Kong Monetary Authority (HKMA) 、Hong Kong Green Finance Association (HKGFA) and Standard Chartered. full report here:

As global trade tensions persist, fresh investment partnerships offer a glimmer of hope, none more so than the newly launched collaboration between the Nairobi Securities Exchange (NSE) and the UK government’s MOBILIST program. Announced during a pivotal UK trade visit to Nairobi, this partnership promises to unlock private capital and stimulate growth in Kenya’s climate and development sectors. #climateprojectsinvestmentKenya #Kenyanmarketinvestmentproducts #NairobiSecuritiesExchangepartnership #privatesectorcapitalKenya #UKgovernmentMOBILISTprogram #UKsustainableinvestmentKenya #UKtradevisittoKenya #UKAfricatraderelations #UKKenyaeconomiccooperation #UKKenyainvestmentpartnership #thxnews

🌸 As we embrace #April with blossoming flowers and cheerful birdsong, let's take a moment to look back on the notable events in the field of green finance that unfolded throughout #March. March witnessed noteworthy advancements in #sustainable finance instruments in #China, including the debut of Chengdu's inaugural nationwide CCER-linked loan, the issuance of green finance bonds in Jiangsu, along with the successful trading of Jiangsu Province's inaugural carbon voucher. Additionally, a comprehensive standardization pilot project for social management and public service was initiated, with a particular emphasis on conducting ESG evaluations within the financial sector. Additionally, significant conferences and seminars took place, fostering economic cooperation and advocating for sustainable finance. These included the inaugural meeting of the China-EU Financial Working Group in Beijing and an expert symposium organized by the People's Bank of China, focused on bolstering the nation's financial resilience and advancing high-quality financial development. 🌐 Internationally, there is a growing focus on sustainable finance development, exemplified by initiatives like South Korea's commitment to invest 42 trillion won in climate finance and the European Bank for Reconstruction and Development (EBRD) providing loans to support green finance in Bosnia and Herzegovina's residential sector through the Green Economy Financing Facility (GEFF), among other endeavors. 🍀 Stay updated on global sustainable finance initiatives by subscribing to our monthly #newsletter. Together, let's contribute to making the world a better place! ✨ 🔗 Link to the full version of the newsletter: https://lnkd.in/euXe9b75 #IIGF #Sustainability #GreenFinance #Sustainablefinance #Financialtools

Why Cyprus? Is the most common question I have been asked the last 18 months. The answer is fairly simple: I love seeing and experiencing progress (positive change). It’s not something that many people associate with Cyprus but one of many examples is returning to investment grade. It speaks to tenacity of Cyprus and its people. Small continuous steps, over time results in sustainable change.

[#AWARD] Our longstanding commitment to #SustainableFinance and our strong support to the #energytransition are once again recognised at FinanceAsia Awards. This year, our ESG-linked account solution is also honoured in The Asset Treasurise Awards 2024. 🥇 We are named the Best International Sustainable Bank for Hong Kong SAR, Mainland China and South Korea by FinanceAsia. This is the second consecutive year that we win the Best International Sustainable Bank for Mainland China and South Korea honours. Our expertise has earned the trust of the markets and positioned us as a driving force in the sustainable finance space. 🥇 In addition, we are also delighted to have received “Best #ESG Solution – Conglomerate – Hong Kong” at The Asset Treasurise Awards. This recognition highlights our ESG-linked corporate account solution, a one-of-a-kind cash management offering which we partnered with NWS Holdings Limited to launch the pilot product. These accolades reaffirm our ongoing effort in driving sustainable transformations alongside our clients. We are proud that our expertise are bringing positive impacts and will strive to continue to make a difference. Find out more about our wins: https://bit.ly/44k9RX4