GHG emissions tools launched in HK

These tools will assist SME and financial firms in the city with sustainability reporting.

Two greenhouse gas emissions calculation and estimation tools (GHG emissions tools) have been launched by the Hong Kong University of Science and Technology (HKUST) and the Green and Sustainable Finance Cross-Agency Steering Group.

These tools will assist both corporates and financial institutions in the city with sustainability reporting by providing transparent methodologies and reliable data sources for calculating and estimating greenhouse gas emissions.

The first tool enables users, especially small and medium-sized enterprises, to calculate their own GHG emissions based on actual activity levels, whilst the other tool caters primarily to financial institutions, allowing them to estimate the GHG emissions of their investees or borrowers, particularly in cases where data on underlying companies is limited.

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"These new tools feature easy navigation and are catered for the local market. They do not only reference widely adopted international standards but also incorporate Hong Kong and Mainland elements and data in the calculation and estimation modeling," said Julia Leung, chief executive officer of the Securities and Futures Commission.