At a media briefing last week September 27, the Hong Kong Green Finance Association HKGFA team highlighted the importance of implementing a “harmonised taxonomy” to support the development of the special administrative region’s SAR a sustainable finance market and exploration of emerging opportunities in the transition finance sector.
“Hong Kong absolutely needs a taxonomy to continue the journey towards high quality green finance services,” Jun Ma, chairman and president of HKGFA, told FinanceAsia during the discussion.
“As there exist various taxonomies already, the authority needs to tell institutions which one to adopt, so as to better measure performance, allocate incentives and perform greenlight procedures,”...
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