(12 July 2022 – Hong Kong) Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of the Hong Kong International Carbon Market Council to explore carbon opportunities in the region.
HKEX is partnering with a number of leading corporates and financial institutions as inaugural Council members including Standard Chartered, HSBC, ANZ, BNP Paribas, BOC, ICBC, Cathay Pacific, Tencent and many more organisations.
The main focus is to develop an international carbon market that leverages Hong Kong’s position as a leading global financial centre, contributing to the realisation of carbon neutrality goals and the development of the green and sustainable finance ecosystem in Hong Kong, Mainland China and beyond. The Council will gather insights from members on the development of an efficient and effective Hong Kong–based international carbon market with best-in-class market infrastructure, products and services.
“At HKEX we have an unwavering commitment to the success and prosperity of our community as a whole. This focus on sustainability, as a regulator, market operator and corporate, uniquely places us to be a leader in sustainable finance. I am very pleased to announce this important collaboration with distinguished and influential Hong Kong, Mainland China and international organisations, together we are committed to advancing the growth of sustainable finance ecosystem in the region and beyond. This is a significant step forward in our collective journey to achieving net zero” commented HKEX CEO, Nicolas Aguzin.
“The Hong Kong International Carbon Market Council will play a vital role in supporting our vision to build a leading carbon market, welcoming institutional and corporate participants from China, Asia and around the world. We believe that, over time, more participants sharing the same goal and ambition will join us on this net-zero transition journey, securing the future for the next generation” Aguzin added.