The Glasgow Financial Alliance for Net Zero (GFANZ), a global coalition of financial institutions committed to the climate transition, will be expanding into Hong Kong. The Hong Kong Chapter will serve as an extension of GFANZ’s APAC Network, joining the Japan Chapter, and will engage and build capacity with financial institutions in Greater China on net zero efforts, transition planning and scaling transition finance. Advised by Eddie Yue, the CEO of the Hong Kong Monetary Authority, and Dr Ma Jun, Chairman of the Hong Kong Green Finance Association, the Hong Kong Chapter will further connect stakeholders, contribute resources, and collaborate with domestic initiatives. Mark Carney, GFANZ Co-Chair and UN Special Envoy for Climate Action and Finance, said: “Home to many of the world’s largest and fastest growing economies, the Asia-Pacific region is central to the world’s efforts to achieve a net zero global economy. And those efforts rely on the availability of large-scale finance. The new Hong Kong Chapter will build on GFANZ’s ongoing work in APAC, creating tools and tailored guidance for local financial institutions to support their net zero transition.”
