The Hong Kong Green Finance Association (HKGFA) has unveiled the Transition Planning Knowledge Repository (TPKR), an online resource designed to assist industry practitioners in developing best-practice transition plans and accessing vital transition finance to support net-zero commitments.
Launched as part of the Transition Planning workstream within the HKGFA Banking – Financing the Transition Working Group, the TPKR offers a comprehensive framework comprising five principles, four core pillars, and 27 key components essential for formulating effective transition strategies. The repository draws from internationally recognised frameworks, including the Task Force on Climate-Related Financial Disclosures (TCFD), International Sustainability Standards Board (ISSB), Glasgow Financial Alliance for Net Zero (GFANZ), and the UK Transition Plan Taskforce. Additionally, it consolidates case studies and guidelines from HKGFA members and the broader sustainable finance ecosystem to provide practical references for businesses embarking on their transition journey.
Commenting on the launch, Dr Ma Jun, Chairman and President of HKGFA, described the initiative as a “pivotal moment” for transition finance, “The TPKR collates a public archive of the key components necessary for a robust and credible transition plan, extracted from major frameworks and guidelines worldwide. By enabling innovative financing solutions and enhancing the interoperability of taxonomies, it will support financial institutions, asset managers, and corporates in their transition efforts. I extend my appreciation to the HKGFA Banking Working Group and our members for their dedication in reaffirming Hong Kong’s role as a global sustainable finance hub.”
The role of the private sector in driving climate action and transition finance was also emphasised by Ms Ivy Lau, Head of ESG Solutions, APAC at Mizuho Bank and Co-Leader of the HKGFA Transition Planning workstream, “A 1.5°C world will not be possible without private sector ambition, action, and capital. The TPKR is specifically designed for corporates and financial institutions in Hong Kong and the broader APAC region, helping them navigate the complex landscape of climate transition resources and accelerate the development of credible transition plans—an essential precondition for advancing transition finance.”
Many corporates and SMEs face significant challenges in achieving a net-zero transition, requiring substantial investment and structured risk mitigation strategies. By providing a centralised knowledge-sharing platform, the TPKR aims to equip finance professionals, businesses, and SMEs with the necessary tools to progress their transition priorities effectively.
Alice Suen, Head of Sustainable Finance and Investments at HSBC Hong Kong and Co-Chair of the HKGFA Banking – Financing the Transition Working Group, reinforced the importance of collaboration and shared learning, “Knowledge sharing is a powerful driver for progress in the transition to a net-zero economy. The launch of the TPKR provides finance professionals, corporates, and SMEs with the resources they need to accelerate their transition planning and investment strategies.”
As Hong Kong strengthens its position as a leader in sustainable finance, initiatives such as the TPKR will play a crucial role in fostering climate resilience and unlocking new opportunities for transition finance across the APAC region.
