ESG development and disclosure impacts in Hong Kong and Singapore

The two leading financial centers in Asia, Hong Kong and Singapore, in the last few years have embarked on an ESG development journey which predominantly leverages on global regulatory developments for guidance and financial policy frameworks around green finance and sustainability as a whole. Moreover, both cities have been working diligently to achieve their targets under the Paris Agreement through cross-agency steering group initiatives, showing increased expectations on environmental, social and governance (ESG) issues from regulators and the investment community.