Archive

Hong Kong publishes ESG ratings and data code of conduct

Hong Kong has followed jurisdictions including Japan and the UK in publishing a code of conduct for ESG ratings and data, covering aspects such as transparency of methodologies and avoiding potential conflicts of interest.

Risk of fragmentation of ESG ratings regulation remains despite IOSCO work, CDP warns

Differences in how countries have devised rules or voluntary codes of conduct for ESG ratings and data shows that there remains a risk of divergence between jurisdictions that raises costs for providers and users, CDP has warned.

Hong Kong regulators identify promoting transition finance among work priorities

Asia 'will need guardrails' against rising greenwashing risk

Asian countries will increasingly require regulatory "guardrails" to ensure fund managers understand the extent to which they can market funds as integrating environmental, social and governance (ESG) factors, a regulator in the region has said.

IOSCO outlines 'milestone' ESG rating and data oversight recommendations

IOSCO has provided recommendations for securities regulators to strengthen their oversight of ESG ratings and data providers after "several areas of concern" were identified by market participants.

Hong Kong regulator introduces climate-related disclosure obligations

Fund managers in Hong Kong will be required from August 2022 to make climate-related disclosures, in the latest landmark for the global spread of mandatory disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

Hong Kong appoints sustainable finance group to bolster disclosures

Hong Kong's securities regulator and central bank have helped create a group of experts to develop sustainability reporting and a dedicated carbon market in the territory.

IOSCO works on ESG rating provider guidance amid 'serious questions'

The International Organization of Securities Commissions (IOSCO) is working on guidance for environmental, social and governance (ESG) ratings...

Hong Kong regulators deliver action plan for greening financial ecosystem

A steering group composed of key Hong Kong regulators has announced its five-point action plan for a green and sustainable finance strategy for the major financial centre.

Hong Kong launches green finance steering group

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have established a Green and Sustainable Finance Cross-Agency Steering Group.