HKEX Announces Commitment to Carbon Neutrality by 2024

Financials Author: Muriel Meng Editor: Mingmin Zhang Dec 04, 2023 03:06 PM (GMT+8)

Financial regulators are placing increasing emphasis on sustainable development, and multiple market identities will make more significant contributions.

Hong Kong Stock Exchange

On 27th November, The Hong Kong Exchanges and Clearing Limited (HKEX) announced that it would strive to achieve carbon neutrality by 2024 and net zero emissions by 2040. In this way, HKEX hopes to contribute to the realization of net-zero emissions in society, and the relevant measures include the expansion of the Group's carbon offset policy, and through the purchase of high-quality certified carbon credit products to offset carbon emissions.

In line with the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius, HKEX is committed to continuing to reduce greenhouse gas emissions from its operations and to neutralizing the remaining emissions by 2040. In addition to achieve "net zero" by 2040, HKEX will reduce carbon emissions from its operations through energy efficiency, renewable electricity and low-carbon procurement, and will continue to work with its business partners involved in the value chain to support them in formulating science-based reduction targets.

Shi Meilun, HKEX Chairman, demonstrated HKEX's commitment to achieving net zero emissions by 2040, ten years ahead of the original target, indicating HKEX's determination to sustainably and proactively address climate change. Ou Guansheng, HKEX Group Chief Executive Officer, also expressed that, "HKEX is both a market regulator, a market operator and a business. We are uniquely positioned to support the low-carbon transition of global businesses and investors, and we have an important responsibility to do so. HKEX is actively creating a vibrant investment ecosystem to support businesses in their transition to sustainability and enhance their climate resilience."