Fund managers to count climate risks in investment schemes: SFC

The SFC has concluded talks on climate-related risks in funds.

Fund managers will be required to consider climate-related risks in their investment and risk management processes, the Securities and Futures Commission (SFC) said.

This comes after the SFC concluded consultations on the proposed amendments to the Fund Manager Code of Conduct.

“Asset managers play a key role in providing investors with quality and comparable information about climate-related risks,” said Julia Leung, the SFC’s Deputy Chief Executive Officer and Executive Director of Intermediaries.

“The requirements will help channel investment capital to companies with sustainable goals and facilitate the transition to a low carbon economy.”

The SFC received wide support from the industry for financial regulators to play a role in setting baseline requirements for managing climate-related risks and combating greenwashing.

The SFC also made reference to the Task Force on Climate-related Financial Disclosures Recommendations in developing the requirements.

It also considered the global regulatory trend towards harmonisation and comparability of standards across jurisdictions.

The new requirements will be implemented in phases with the first phase to begin on 20 August 2022.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!