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​The Financial Reporting Council (FRC) has established the Sustainability and Climate Action Task Force (SCATF). The purpose of the SCATF is to provide high level recommendations to the FRC Board on strategic actions that should be considered in relation to the global developments in financial and sustainability reporting. This should include a Climate Change Action Roadmap for the FRC that is aligned with Hong Kong’s Climate Action Plan 2050. 

Dr Kelvin Wong, Chairman of the FRC, remarked, “In light of the changing sustainability reporting landscape for listed entities and the increasing connection between financial and sustainability reporting, I have high hope that the FRC would greatly benefit from the expert advice and collective wisdom of SCATF regarding relevant strategic actions in the context of our regulatory functions and the market we regulate and operate.  I am confident that the strategic insights and advice from the SCATF would further support the role of the FRC in further strengthening Hong Kong as a competitive international financial centre and business hub.”
 
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