1、Hong Kong Developing into the Global ESG Investment Hub of Asia July 2020 FSDC Paper No.44 Content Foreword A Cluster of Key Stakeholders is Building Up in Hong Kong ESG is Integral to Hong Kong as an International Financial Centre How Did Hong Kong Get Here? Connecting the Dots by Letting Stakehold
2、ers Hear Each Other The “Hong Kong Solution” Conclusion 1 2 3 4 7 9 22 FSDCs report “Hong Kong as a Regional Green Finance Hub” 2016 FSDCs report “ESG Strategy for Hong Kong” 2018 FSDCs report “ESG Integration the Continuous Journey for Hong Kong” 2020 Foreword Green fi nance has become one of the k
3、ey agenda items of the Financial Services Development Council (“FSDC”) since four years ago. In May 2016, the FSDC published a research report, with an aim of helping Hong Kong position itself as a preferred centre for green fi nance in the region. At that time, green fi nance was at its nascent sta
4、ge for Hong Kong as well as many other fi nancial centres in Asia. The centre of gravity has shifted rapidly since then. Discussions within the fi nancial services industry about green fi nance have further been extended to cover the wider spectrum of Environmental, Social and Governance (“ESG”) mat
5、ters. Amid the fast-evolving landscape, in November 2018, the FSDC published a relevant report (the “2018 report”) to present the value proposition of ESG integration from the perspectives of both fi nancial investors and investee companies. The report also sets out key recommendations for fostering
6、 the development of an ESG ecosystem in Hong Kong, focusing on the part of the public sector. In about a years time, most of the recommendations have been implemented and a handful of others are in progress. On the back of such momentum, Hong Kong as an ESG investment hub has entered the growth stag