调配金融资源以支持科技行业转型

Transition Finance Operational Reference Guide — Phase 1 Report May 2026 Content page Executive Summary1 About the Industry Working Group3 Chapter 1:Why the Information and Communications Technology Sector4 Chapter 2:Overview of prevailing international frameworks on transition finance and transition plan disclosure5 Chapter 3:Material information and metrics for the ICT sector 9 Chapter 4:Case Studies Appendix I:Non-exhaustive examples of transition finance solutions by ESG data providers29 Appendix II:Mapping of transition plan related metrics to frameworks suggested by working group members30 Executive Summary Meeting the climate ambition requires collective action, not only through green projects, but also the low-carbontransformation of corporates, especially those with material impact on the emission trajectory of the real economy. Itis therefore essential for Hong Kong to leverage our strengths in sustainable finance toscale transition finance andcapture transition opportunities in the real economy. Transition finance is still at a nascent stage. The lack of agreed, sector-specific definitions and metrics, and the need tolocalise and operationalise international principles and frameworksare often cited as key barriers. In this context, theHong Kong Green and Sustainable Finance Cross-Agency Steering Group1proposed the establishment of an industryworking group (Industry Working Group) todevelop a practical guide to operationalise international frameworks andprinciples on transition financeunder a sectoral approach. This guide is intended to serve as a reference and does notseek to define transition activities or set out new requirements for transition planning or transition plan disclosures. The Industry Working Group has identified theInformation and Communications Technology (ICT) sectoras thepilot sector for this project. The operational reference guide for the ICT sector will be released in phases. ThisPhase1 Report focuses on entity-level financing and investment, and explores how financial institutions can support anentity’s overall climate transition strategy through general purpose financing. In particular, it examines how financialinstitutions canutilise sustainability-related information of an entity, including disclosure of its transition plans, tounderstand and assess its transition strategy. Subsequent phases will explore activity-level financing and investments, aswell as stewardship practices. This Phase 1 Report examines how existing international guidance and frameworks on transition finance and transitionplan disclosures can beapplied in practice in the ICT sectorin Hong Kong and in the broader Asia Pacific region. Chapters 1 and 2 provide background and an overview of the current landscape for transition finance frameworksand guidance.Chapter 3 forms the core of this report. It draws out thecommonalities across different internationalframeworksand identifies three dimensions that this Working Group agreed are most relevant for making financing andinvestment decisions: •Governance, accountability and transparency;•Delivery strategy; and•Metrics and targets. The chapter highlights that, forgeneral-purpose corporate financing, financial institutions tend to seeka core setof entity-level metrics and informationthat is broadly consistent across multiple international frameworks2. Thesemetrics, which are already disclosed by many leading companies, are further detailed in Chart 2 of Chapter 3. This tableshows how thesemetrics are common across frameworksand how participating ICT companies disclose them in theirESG reports. The chapter also identifies sector-specific metrics financial institutions consider particularly material to theICT sector. Building on this overview,Chapter 4illustrates that while the overall objective of decarbonisation is shared, companiesmay takedifferent approaches in implementationdepending on their business models, value chains and operatingcontexts. The report concludes withthree case studiesthat illustrate how ICT companies in Asia translate international principlesto practice: •Alibaba Cloud:developing and articulating a clear and substantiated strategy for the sustainable expansion ofdata centres;•Lenovo:developing and implementing a pragmatic and systematic plan to reach net-zero targets across the valuechain by influencing and supporting decarbonisation efforts of suppliers; and•Tencent:setting evidence-based climate targets and tracking tangible progress, signalling strong enterprise-wideclimate commitment. About the Industry Working Group The Hong Kong Green and Sustainable Finance Cross-Agency Steering Group proposed the establishment of theIndustry Working Group to develop the project in three phases. The Industry Working Group include (in alphabeticalorder of organisations’ names): Members AIAAsia Investor Group on Climate ChangeAlibabaAnt InternationalBarclaysBloombergBNP ParibasBank of China (Hong Kong)Credit AgricoleFideli