On November 30, BlockBeats reported that the Hong Kong Securities and Futures Commission (SFC) Chief Executive, Leung Fengyi, stated on November 29 that five ESG ratings and data product suppliers have agreed to sign the voluntary code. Launched last month, the code focuses on four key areas: good governance, systems and controls, conflict of interest management, and transparency.
Leung Fengyi emphasized that although the China Securities Regulatory Commission does not directly regulate ESG information providers, it hopes to enhance data collection fairness and transparency through the code. This will allow users such as asset companies and fund companies to evaluate ESG products with greater confidence.
Furthermore, Liang Fengyi revealed that Hong Kong’s virtual asset trading platform licensing will be announced before the end of this year. The code follows recommendations from the International Organization of Securities Commissions (IOSCO) and aims to tackle “greenwashing” in global financial markets while boosting ESG information transparency in Hong Kong’s financial sector.
Source
<p>The post Greenwashing Guarded: Hong Kong’s ESG Revolution first appeared on CoinBuzzFeed.</p>