Submissions and Reports

The Chamber welcomes the Hong Kong Exchanges and Clearing Limited‘s efforts to improve the quality of ESG reporting through this consultation exercise. We believe that such enhancements should be supplemented by further investments in education and training to promote better understanding of the intentions behind and benefits of ESG reporting .

The Chamber welcomes and supports the Government’s introduction of a bill on 14 November 2018 to implement a charging scheme for the purpose of reducing municipal solid waste. As an advocate of the polluter-pays principle, we believe that such a charging scheme would contribute to the reduction of waste at source and in promoting a greener lifestyle.

The Chamber supports the establishment of a Green Finance Certification Scheme although it believes enhancements should be made to the existing framework.

As the International Maritime Organization has set a sulphur cap of 0.5% for shipping emissions by 2020, the Chamber urges the Government to establish Hong Kong a LNG-ready port that is capable of supporting the shipping industry as it makes the transition to cleaner fuels. Measures put forward include provision of the necessary infrastructure, sufficient trained personnel and relevant policies.

A clear and effective energy policy that is conducive to the reliability and stability of supplying power while also promoting affordability and environmental performance is vital. With regard to Government’s proposal to tighten emission allowances from 2022, a cost-benefit analysis would allow both consumers and businesses to make informed and meaningful assessments.

The Chamber has all along been supporting the Government’s initiative to embrace and adopt technology more widely to develop Hong Kong into a smart city. While the business sector would like to see prompt and concrete actions of a smart government, we therefore urge the Government to be more swift and resolute in breaking through the bureaucratic routine and take the lead to scale up the momentum immediately.

The Chamber welcomes the Government's proposals under the updated masterplan "Hong Kong 2030+: Towards a Planning Vision and Strategy Transcending 2030." It is encouraging that the Government is planning to build a green, smart and liveable city, but the Chamber worries about how various master plans such as “Hong Kong 2030+,” “Hong Kong Smart City Blueprint,” “Hong Kong’s Climate Action Plan 2030+” and “Railway Development Strategy 2014” can be aligned with each other; and how labour supply and talent development can meet demand for our future development.

The Chamber supports the HKSAR Government’s proposal to mandate ocean-going vessels and river trade vessels to use compliant fuel with sulphur content not exceeding 0.5% by weight within Hong Kong waters from 1 January 2019 onward, and recommends adding a provision in the legislation to adopt the 0.1% requirement in the event that the Mainland Government decides to adopt a more stringent standard, so as to bring us in alignment with the emission requirement of the PRD’s Emission Control Area.

The Chamber supports the HKSAR Government’s initiative to embrace and adopt technology more widely as an accelerator to develop Hong Kong into a smart city, and emphasize the fundamental importance of Smart Government and Smart Citizen among the six themes for the development of an innovative and sustainable smart city.

The Chamber supports the Government’s initiative to embrace and adopt technology more widely as an accelerator to develop Hong Kong into a smart city (or a “livable city”), and the selection of Kowloon East to trial run some feasible initiatives.