Blog
Blog
Blog
Blog
7 Feb, 2021 Author Yuzo Yamaguchi
Uneven proficiency in assessing climate-related risks and transparency of portfolio companies will pose challenges for many fund managers in Hong Kong as the city is about to make environmental disclosures mandatory, experts say.
The Securities & Futures Commission has proposed sweeping disclosure requirements on all fund managers, from the involvement of the board and management to the adoption of tools and metrics to identify, assess, manage and monitor climate-related risks of their portfolios on an annual basis, according to the regulator s consultation paper.
Large fund managers, which have assets under management of over HK$4 billion, are subject to more requirements. Additional disclosures include scenario analysis and weighted average carbon intensity at a fund level, a metric recommended by the Task Force on Climate-related Financial Disclosures, or TCFD, according to