The Hong Kong Monetary Authority (HKMA) aims to attain net-zero emissions for its investment portfolio by 2050. According to chief executive Eddie Yue Wai-man, the focus will be on environmental, social and governance (ESG) and green assets. Yue said the HKMA plans to establish a platform in the private equity sector to foster the green transformation through capital circulation in Asia. Additionally, there are plans to take further initiatives in the bond market, aiming to construct a green financial ecosystem for Hong Kong in the future. Climate change is urgent as Asia’s carbon emissions constitute approximately half of the global total and shifting Asia onto a sustainable growth path would significantly contribute to fighting climate change.
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