The Hong Kong Monetary Authority (HKMA) announced a partnership with the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and International Finance Corporation (IFC), marking a significant step towards enhanced cooperation in sustainable finance across Asia. The partnership was announced at the Asia Climate Investment Seminar, aims to mobilise over $500 million in climate-focused investments across sectors integral to achieving net zero emissions, including renewable energy, sustainable transportation, and energy solutions.
This collaboration brings together key multilateral organisations with shared goals to address the region’s pressing climate challenges through impactful financing. Actis GP LLP (Actis) is one of the General Partners supporting this initiative, emphasising a collaborative approach to tackle sustainability challenges and drive impactful change across Asia.
Howard Lee, CEO of the Exchange Fund Investment Office at the HKMA, highlighted Hong Kong’s role as a green finance hub, stating, “As a leading green finance hub in Asia, Hong Kong has been facilitating a significant portion of the region’s international green and sustainable bonds in recent years. Through strategic partnerships, we aim to demonstrate that achieving both financial return and sustainable development in Asia is not only feasible but essential for our vision of progress and environmental stewardship.
Suzanne Gaboury, Director General for Private Sector Operations at ADB said, “Developing economies in Asia and the Pacific face significant shortfalls in climate investments needed to clear the path to green growth. As the climate bank for the region, ADB is scaling up its climate financing and collaborating with like-minded organisations to channel capital to bankable and impactful development projects.”
Kim-See Lim, Regional Director for East Asia and the Pacific at IFC said, “Climate change is the challenge of our time, and the stakes are especially high in Asia, where the crisis poses major challenges to environmental stability, economic growth and human development. IFC is pleased to collaborate with HKMA, Actis, ADB and AIIB to drive meaningful change by channelling capital into climate projects in countries across the region that need it most, while helping to accelerate an inclusive transition to low-carbon, resilient growth.”
Gregory Liu, Director General, Financial Institutions and Funds Clients Department, Global, of the AIIB said “Our strategic partnership with the HKMA, ADB, and IFC reflects AIIB’s commitment to advancing climate-focused investments that drive sustainable growth in Asia. Together, we aim to accelerate Asia’s transition to a low-carbon economy, setting a robust foundation for impactful climate action and regional resilience.”
