International Experiences in Green Finance Development

28 International Experiences in Green Finance Development: Lessons for Hong Kong Type Organization Function International organization Climate Group The Climate Group’s functions in the field of green finance in the United States encompass policy advocacy, financial innovation, project support, promotion of sustainable practices, and information sharing and education. Its work contributes to the advancement of sustainable finance and efforts to mitigate climate change. PRI • Providing ESG Guidance: PRI offers a set of ESG investment principles for US investors, helping them incorporate environmental, social, and governance factors into their portfolios to reduce investment risks and promote sustainability. • Promoting Transparency: PRI encourages financial institutions to disclose information about their ESG practices and performance. This helps investors better understand how their asset managers are performing in sustainable investing. • Shaping Investor Behavior: Through its principles and resources, PRI seeks to influence investor behavior, encouraging them to invest more actively in environmentally and socially responsible areas, thereby fostering the growth of sustainable financial markets. • Establishing Global Standards: PRI promotes the standardization of ESG investments globally. This enables US financial institutions to collaborate with international investors and partners and implement similar ESG practices on a global scale.