HK Regulators Push For Stronger Climate Disclosures By 2025
Law360 (December 17, 2020, 7:59 PM EST) -- Hong Kong companies and asset managers will have to bolster climate-related disclosures by 2025, according to plans outlined Thursday by banking and securities regulators seeking to direct more capital toward environmentally friendly uses.
Ashley Alder, CEO of the Hong Kong Securities and Futures Commission and co-chair of a steering group that developed the plan, said the policy seeks to take Hong Kong's "green and sustainable finance initiatives, especially those relating to climate change, to the next level."
"The private sector undoubtedly has a vital role to play in directing capital to activities which lower carbon emissions over time, and our plan...
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