The Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) co-chaired by the SFC and the Hong Kong Monetary Authority and, the Hong Kong University of Science and Technology launched two greenhouse gas (GHG) emissions tools to facilitate sustainability reporting by corporates and financial institutions in Hong Kong.

With clearly disclosed methodologies and data sources, the tools will enhance the availability and quality of sustainability-related data in the real economy and support decarbonization efforts by the private sector.  

The new tools, is now available for free public access on the website of the Steering Group, include:

• a calculation tool that enables users, especially small and medium-sized enterprises (SMEs), to calculate their own GHG emissions based on actual activity levels; and  
• an estimation tool that enables users, primarily financial institutions, to estimate the GHG emissions of their investees or borrowers where data of underlying companies is limited.

In this launching event, Prof. Jimmy Chan and Ms. Shannon Ho from the Institute for the Environment, HKUST, gave a demonstration of the tools. Users of the tools from SMEs also shared their experiences on how they have utilized the tools to enhance their sustainability practices.

Demonstration Video of the GHG Emissions Tools: