Green finance

Celebrating two new years just a month apart, Hong Kong is always awash with comments about the coming year in January and February and 2024 is no exception. This year two words appear in every comment: “change” and “uncertainty”.

A comprehensive investment firm from New Zealand, Stonewood Group, signed several technology-related cooperation agreements with Hong Kong businesses at the Belt and Road Summit, co-organised by the Hong Kong SAR Government and Hong Kong Trade Development Council (HKTDC) this summer.

The dynamic Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has many energy-hungry industries, but firms are eager to adopt sustainable practices and opt for solutions from Hong Kong green service providers.

The massive development projects in Hong Kong – Northern Metropolis (main picture) and Lantau Tomorrow Vision – will create a perfect prototyping environment for green con tech and prop tech, offering businesses ranging from start-ups to construction giants a chance to develop and deploy cutting-edge sustainable solutions for buildings and infrastructure.

Regulators, investors and customers often require companies to follow sustainable, environmentally friendly policies as environmental, social and governance concerns grow. But these terms mean different things to different people – or organisations – and comping up with a comprehensive and unambiguous taxonomy is no easy task.

Coming from the skyscraper capital of the world, Hong Kong firms have ample experience in building efficient, sustainable buildings and can build on this to serve the broader region.