The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification system for defining and classifying environmentally sustainable economic activities in order to mobilize capital to these areas – with proposals to expand the Taxonomy to include transition activities as well as new sectors and activities.
The new proposals follow the publication in May 2024 by the HKMA of its initial Taxonomy, aimed at providing a framework to allow investors to identify and invest in activities that generate a positive impact on the environment,
