Hong Kong Exchanges and Clearing (HKEX) has announced it has met its carbon neutrality target, primarily through the use of renewable energy and the purchase of carbon credits to offset emissions.
The exchange set the goal two years ago, aiming to neutralise its carbon footprint by covering all emissions with high-quality carbon credits by the end of 2024.
As of December, 99% of the floor space across HKEX’s offices and facilities worldwide was powered by electricity from renewable sources, the bourse stated in a release on 13 March.
In addition to renewable energy adoption, HKEX has invested in carbon credits generated from afforestation and revegetation projects in China. The exchange applied 55,000 tonnes of these credits towards its carbon neutrality target last year.
“HKEX has made significant progress in decarbonising its operations by enhancing energy efficiency, adopting a low-carbon procurement approach, and investing in high-quality carbon projects, among other initiatives,” the bourse stated.
The move aligns with broader efforts by global financial institutions to reduce their environmental impact and integrate sustainability into operations.
