The Chamber broadly supports the proposed enhancements to the HKMA’s Prototype of the Hong Kong Taxonomy for Sustainable Finance (Phase 2A), whilst putting forward other suggestions on its practical implementation, to achieve the objectives of enhancing Hong Kong’s position as a leading green finance hub and meeting carbon neutrality goals.

We commend the Taxonomy’s alignment with international frameworks — such as those adopted in the EU — in establishing a common language for identifying environmentally sustainable activities. At the same time, we recommend that continued attention is given to Hong Kong’s specific circumstances, particularly in relation to its energy landscape, infrastructure, and market developments. This would help maintain the Taxonomy's relevance and adaptability in the face of evolving market dynamics.

To maximise the Taxonomy’s effectiveness, we also advocate for a practical and proportionate approach to implementation, especially in sectors where decarbonisation pathways are still evolving.