Governance

The Exchange Fund Advisory Committee (EFAC), chaired by the Financial Secretary, endorsed the RI framework and guiding principle for implementation by our Exchange Fund Investment Office (EFIO) responsible for managing the Exchange Fund.

The EFAC’s Investment Sub-Committee (ISC), chaired by the Chief Executive of the HKMA, exercises the oversight of ESG and climate risks associated with the Exchange Fund’s investments.

The EFIO ESG Committee, chaired by the Chief Strategy Officer (CSO), coordinates and oversees all ESG-related efforts within the EFIO. Initiatives and progress discussed at the quarterly EFIO ESG Committee meetings are reported to the Chief Executive Officer (CEO) of the EFIO.