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Discovering our sustainable finance products.

Sustainable, Green and Social Product Repository

US$428.2bn

Global green bond issuance in 2021 as of 2 December

Source: Climate Bonds Initiative

US$38bn

Cumulative Green bonds arranged and issued in Hong Kong by 2020

Source: Climate Bonds Initiative

US$34.6bn

Raised by Sustainability, Green, Social or Transition Bonds listed on HKEX in 2021 as of 2 December

Source: HKEX

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Join STAGE.

Sustainability, Green and Social Bonds

Sustainable/Green/Social Bonds for STAGE inclusion must first be listed on The Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of HKEX in accordance with Chapters 22 to 37 of HKEX Listing Rules (Main Board). Further details of listing of debt securities on SEHK can be found on the Frequently Asked Questions.

a
Designate the classification of the Bonds to be displayed (i.e. sustainability, green or social);
b
State the international standard or principles that the Bonds adhere to;
c
Submit a copy of the bond framework which usually includes use of proceeds, projects selection, management of proceeds, and reporting;
d
Submit a copy of the external review of the Bonds; and
e
Submit an annual post-issuance report on allocation of proceeds and expected impacts, if any, during the tenor of the Bonds.

Green and Sustainable Metrics for Equities

As Asia's premier listing venue, Hong Kong Exchanges and Clearing Limited (HKEX) has the opportunity and responsibility to lead the green and sustainable transition in the region. STAGE is partnering with leading ESG data providers to consolidate and showcase ESG metrics of Hong Kong-listed companies, enabling investors to compare companies across sectors and sources when making their investment decisions. This feature will support companies on their sustainability journeys, and generate greater levels of awareness for retail investors on ESG. HKEX-listed issuers that have received ESG Ratings from at least one of our partners will be showcased.

Note: STAGE has hyperlinked the individual ESG Ratings to their respective profiles at the providers' sites, if the profiles are available, to provide direct access to further ESG information (some providers might require contact information for further access within their sites). Discrepancies could arise between the ESG Ratings displayed on STAGE and the ESG Ratings displayed on their respective providers' sites due to differences in updating cycle. STAGE ESG Ratings were last updated on 2 December 2021.

a

HSI/HKQAA Ratings:  Hang Seng Indexes Company introduced its first sustainability or ESG index back in 2010. Starting from 2014, the Hong Kong Quality Assurance Agency (“HKQAA”), an independent and professional assessment body, has been appointed by Hang Seng Indexes Company to evaluate the ESG performance of approximately 500 Hong Kong-listed companies and over 1,400 A-shares companies using HKQAA’s proprietary sustainability assessment and rating framework. HKQAA’s ESG rating model is designed to rate a company’s management system maturity and risks with regard to sustainability performance. The assessment captures both general and industry-specific criteria covering seven core subjects.

 

*Disclaimer: The HSI/HKQAA Sustainability Ratings and Research referred to in this section (“HSI/HKQAA SRR”) is provided by Hang Seng Indexes Company Limited. Neither Hang Seng Indexes Company Limited nor any of its holding companies and subsidiaries nor Hong Kong Exchanges and Clearing Limited nor any of its subsidiaries provides any warranties of any kind in relation to such HSI/HKQAA SRR  (including, without limitation, that the HSI/HKQAA SRR is fit or suitable for any purpose, or that any person will obtain any particular results by using or relying on the HSI/HKQAA SRR) or accepts any responsibilities for its accuracy, completeness, timeliness and/or consistency, or for any loss or damage whatsoever and howsoever suffered or incurred by any person.  With the use of or the access to the HSI/HKQAA SRR any person receiving any HSI/HKQAA SRR from Hong Kong Exchanges and Clearing Limited or any of its subsidiaries irrevocably and unconditionally accepts and agrees to be bound by this disclaimer.

b

MSCI ESG Rating: An MSCI ESG Rating is designed to measure a company’s resilience to long-term, industry material environmental, social and governance (ESG) risks. We use a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. Our ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). For more details, click here.

 

*Disclaimer: Certain information @2021 MSCI ESG Research LLC. Reproduced by permission. Although HKEX, MSCI ESG Research LLC and their affiliates (the “ESG Parties”), obtain information (the “Information”) from sources they consider reliable, none of the ESG Parties warrants or guarantees the originality, accuracy and/or completeness, of any data herein and expressly disclaim all express or implied warranties, including those of merchantability and fitness for a particular purpose. The Information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for, or a component of, any financial instruments or products or indices.  Further, none of the Information can in and of itself be used to determine which securities to buy or sell or when to buy or sell them.  None of the ESG Parties shall have any liability for any errors or omissions in connection with any data herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

c

S&P ESG Rating: S&P Global ESG Scores are based on information collected in the S&P Global Corporate Sustainability Assessment (CSA), using a rules-based, industry specific approach built by investment practitioners to more precisely capture the ESG factors expected to have an impact on a company’s growth, profitability, capital efficiency and risk exposure. Scores are between 0 and 100 (best). Companies assessed using the CSA fall into two categories (i) Participating companies – companies that are assessed on information they submit to S&P Global as part of their active participation in the CSA and on publicly available information, (ii) Non-participating companies – companies that are assessed on publicly available information only and do not actively participate in the CSA. Click here to learn more.

 

*Disclaimer: Neither HKEX, S&P, their affiliates nor any of its suppliers shall have any liability for the accuracy or completeness of the information or software furnished through HKEX's Service, or for delays, interruptions or omissions therein nor for any lost profits, indirect, special or consequential damages; and the S&P Services are not investment advice and a reference to a particular investment or security, a credit rating or any observation concerning a security or investment provided in the S&P Services is not a recommendation to buy, sell or hold such investment or security or make any other investment decisions.  The displayed S&P ESG Ratings are also subject to the Terms of Use found here.