On Thu, 22 Jan 2026, the Hong Kong Monetary Authority ("HKMA") published the Hong Kong Taxonomy for Sustainable Finance Phase 2A, building on feedback from a public consultation that expanded its coverage and included transition elements and climate change adaptation. The taxonomy aims to facilitate green and sustainable capital flows and support the region’s transition to a low-carbon economy.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On January 22, 2026, the Hong Kong Monetary Authority ("HKMA") published the Hong Kong Taxonomy for Sustainable Finance (Hong Kong Taxonomy) Phase 2A.
The HKMA, through a phased approach, has been developing the Hong Kong Taxonomy to create a robust and transparent framework for classifying economic activities that foster green and sustainable development.
Following the release of Phase 1 in May 2024, the HKMA conducted a public consultation on the Phase 2A prototype in September 2025 to gather input on expanded taxonomy coverage and enhancements.
The HKMA received numerous submissions from a broad range of stakeholders, including banks, professional associations, asset managers, corporates, non-government organizations, think tanks, and the public sector.
Stakeholders generally supported the expansion of taxonomy coverage and welcomed additions such as transition elements and a climate change adaptation category. They appreciated the enhancements in clarity and practicality.
Utilizing the feedback received, the HKMA refined the prototype and published it as the Hong Kong Taxonomy for Sustainable Finance Phase 2A. Additionally, the consultation report summarizing the feedback and responses was released.
The Hong Kong Taxonomy is a dynamic document that will continue to be influenced by market developments, government policies, industry priorities, and technological advancements in future phases.
The HKMA remains steadfast in its commitment to engaging with market participants and broader stakeholders throughout the development process.
Both the Hong Kong Taxonomy Phase 2A and the consultation report are accessible on the HKMA website.
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