The Centre for Green and Sustainable Finance (Centre) is a cross-sector platform launched by the Green and Sustainable Finance Cross-Agency Steering Group (CASG). The Centre coordinates the efforts of financial regulators, Government agencies, industry stakeholders and the academia in capacity building and policy development. It will also serve as a repository for resources, data and analytics which support the transition to a more sustainable development pathway. The Centre has established working groups to develop strategies and roadmaps to promote capacity building and develop data repository and analytics capability. The working groups will consult other stakeholders when formulating their recommendations.
|Capacity Building Working Group||Data Working Group|
The Green and Sustainable Finance Cross-Agency Steering Group (CASG) was co-initiated by the HKMA and the Securities and Futures Commission (SFC) on 5 May 2020. Other members include the Environment Bureau, the Financial Services and the Treasury Bureau (FSTB), Hong Kong Exchanges and Clearing Limited (HKEX), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA). CASG aims to co-ordinate the management of climate and environmental risks to the financial sector, accelerate the growth of green and sustainable finance in Hong Kong and support the Government’s climate strategies.
In December 2020, CASG launched its strategic plan with six key focus areas and five near-term action points, to strengthen Hong Kong’s financial ecosystem to support a greener and more sustainable future.