Hong Kong raises ESG disclosure standards for MPF managers

Hong Kong’s pension regulator said money managers would need to raise their disclosure standards on environment, social and governance (ESG) funds to help contributors understand their risk management and investment strategies The 12 participating fund managers, or trustees, including HSBC and Manulife, should improve the transparency levels on ESG-related reporting in their pension schemes, the Mandatory Provident Fund Schemes Authority (MPFA) said on Monday. The trustees must clearly state ESG strategies and focus on risk management in their brochures, as well...