Hong Kong SAR: The PRI welcomes the Phase 2A prototype of Hong Kong taxonomy for sustainable finance proposal by the Hong Kong Monetary Authority

 

The phase 2A prototype builds on the publication of Phase 1 of the Hong Kong Taxonomy released in May 2024, with key enhancements including expanded sector converge, increase in economic activities, transition elements and climate change adaptation objectives. The PRI supports the Phase 2A prototype and its inclusion of these elements. It can be further strengthened by considering including Do No Significant Harm (DNSH) and Minimum Social Safeguards (MSS) criteria to ensure economic activities do not undermine these objectives.

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