Hong Kong Monetary Authority 2024 SR
The report outlines the Hong Kong Monetary Authority's (HKMA) responsible investment strategies and progress in managing the Exchange Fund. Key highlights include the launch of the Sustainable Finance Action Agenda in 2024, which commits to achieving net zero emissions for the Investment Portfolio by 2050 and reducing the weighted average carbon intensity (WACI) of public equities by 67% by 2030 from 2017 levels. The HKMA also introduced the HKMA ESG Expectations to guide counterparties and established strategic partnerships with multilateral organisations to support climate transition in Asia. Additionally, the WACI of the public equities portfolios was reduced to 109 tCO2e/US$ million revenue by the end of 2023, representing a 50% reduction from the 2017 baseline.
Company: Hong Kong Monetary Authority
Sector: Government, defence & social security
Country: Hong Kong
Year: 2024
Type: SR
Pages: 17
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Hong Kong Monetary Authority
Sustainability Report
The report outlines the Hong Kong Monetary Authority's (HKMA) responsible investment strategies and progress in managing the Exchange Fund. Key highlights include the launch of the Sustainable Finance Action Agenda in 2024, which commits to achieving net zero emissions for the Investment Portfolio by 2050 and reducing the weighted average carbon intensity (WACI) of public equities by 67% by 2030 from 2017 levels. The HKMA also introduced the HKMA ESG Expectations to guide counterparties and established strategic partnerships with multilateral organisations to support climate transition in Asia. Additionally, the WACI of the public equities portfolios was reduced to 109 tCO2e/US$ million revenue by the end of 2023, representing a 50% reduction from the 2017 baseline.
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Document Details
Report Year
2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target