Governance

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

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

EFIO ESG Committee, chaired by EFIO’s Deputy Chief Executive Officer, coordinates and oversees all ESG-related efforts within EFIO.  Initiatives and progress discussed at regular EFIO ESG Committee meetings are reported to the Chief Executive Officer of EFIO.

At the operational level, the Sustainable Investing (SI) team, led by the Chief Investment Officer (Asset Allocation), ensures the pragmatic implementation of RI principles across all asset classes in which the Exchange Fund invests.