Climate-related Risks: 20 November 2022 Deadline - Have You Checked The Boxes?

By 20 November 2022, qualifying fund managers in Hong Kong ("Fund Managers") will need to comply with the Securities and Futures Commission's ("SFC") Circular on Management and Disclosure of Climate-related Risks by Fund Managers ("SFC Circular"), issued 20 August 2021, as well as the underlying Consultation Conclusions on the Management and Disclosure of Climate-related Risks by Fund Managers.

This follows the 20 August 2022 deadline for large Fund Managers with at least HK$8 billion (approximately US$1 billion) in assets under management across any three months in the past reporting year. For details, please refer to our earlier client alert - client-alert---deadlines-looming-for-sfc-esg-and-climate-related-requirements.pdf (shlegal.com).