About the Model
The HKSAR Chief Executive had announced in the 2017 Policy Address to position Hong Kong as an Asia’s green finance hub for raising green capital. In view of the substantial GDP contributed by the construction sector annually, the construction industry has a high potential to meet the trend of green finance. Thus, there is a need to well define the green standard and system to facilitate the application of green finance in construction industry.
The Model aims to act as an interactive guide on environmental practices and advanced technologies for construction projects which is compatible with international green bond/loan principle. Green finance can mobilise capital for green and low carbon investments in the construction industry. Public owners, developers, contractors and suppliers could issue green financial instruments for funding their projects with reference to the guideline of this model.
Interactive guide to classify construction practices based on green finance principles
User-friendly model for set up its own checklist and sustainability KPIs
Sustainable hub to share latest local and international solutions
Why the Industry Needs Green Finance?
- Green finance providing benefits for assisting the transition from the ‘brown’ to the ‘green’ construction.
- Green finance can mobilise capital for green and low carbon investments in the construction industry
- Stakeholders can seek opportunities for long pay back initiatives and low interest rates when adopting advanced and innovative measures.
- To encourage investors from the Mainland along the Belt and Road as well as international investors to arrange green financing through Hong Kong construction capital markets.