We know that governments alone cannot possibly raise the capital, or facilitate the shift in mindsets, required to deliver the carbon reduction targets set by world leaders pursuant to the COP 21 Paris Agreement and limit global warming to within the 2 degrees scenario. Effective mobilisation of the global business community and international financial and legal centres are therefore essential to the future of the planet.
We support global efforts and the Mainland government’s commitment to greening the domestic and international financial system. We also support the Hong Kong government’s policy commitments and action taken to ensure Hong Kong is a leading green international financial centre including in support of the Mainland’s green finance agenda.
We know that green bonds are first to market in most financial centres and that as the green financial system develops, markets and institutions will need to adjust to accommodate green banking, green insurance, ESG investing, indices and reliable data.
We encourage and support the continued growth of green finance in Hong Kong, the Mainland and internationally. We support any business, government authority or institution that is already engaged in green finance or would like to be.
GPS McQuhae LLP is a founding member of the Hong Kong Green Finance Association. Our lawyers are recognised leaders in green finance, with active roles in promoting green finance in Hong Kong, the Mainland and internationally, including the following:
- Founder and Co-chair, Hong Kong Green Finance Task Force
- Executive Committee Member & Special Advisor to the Chairman, Hong Kong Green Finance Association
- Hong Kong representative and Steering Committee Member, United Nations network of Financial Centres for Sustainability (FC4S)
- Member, United Nations ESCAP Sustainable Business Network