October news express regarding green finance and ESG related news in Hong Kong, China and the industry.

International Business Council (IBC), in collaboration with the Big Four Accounting Firms, have been exploring a set of universal, material ESG metrics and recommended disclosures that could be reflected in the mainstream annual reports of companies on a consistent basis across industry sectors and countries.

As a world-renowned fast-food chain, McDonald’s restaurant and value chain covers almost every corner of the world. Therefore, no matter positive or negative, its every move is going to have great influence on the world.

Science-based targets initiative (SBTi) offers a plethora of advantages over incremental GHG reduction targets for businesses and importantly, assists companies to identify and promote innovative approaches to setting ambitious and meaningful corporate GHG reduction targets consistent with the best available climate science.

New Zealand has become the first country in the world to make climate risk reporting mandatory for banks, asset managers and insurers.

The Hong Kong Green Finance Association (“HKGFA”) announced the official launch of the Guangdong-Hong Kong-Macau Greater Bay Area Green Finance Alliance (“GBA-GFA”) at the inaugural launch ceremony on 4 September. The Alliance aims to facilitate the greening of the Greater Bay Area.