所屬分類:新聞動態發佈時間:2026-10-12
Hong Kong ESG trends
Dr. Ma spoke at Building Bridges 2026
Dr. Ma Jun, Chairman and President of the Hong Kong Green Finance Association (HKGFA), spoke at Building Bridges 2026 in Geneva, sharing insights on developing credible transition pathways and accelerating decarbonisation. He cautioned that overly restrictive requirements could constrain the growth of transition finance, and outlined practical approaches to help mobilise capital: identify transition activities and technical pathways through a whitelist, explore look‑back transition instruments, and expand green and sustainable supply‑chain finance, to help SMEs access capital for their decarbonisation journeys. He also called for stronger international alignment, to improve the interoperability of sustainable finance taxonomies, align sustainability reporting standards with ISSB standards, and establish internationally‑aligned baselines for voluntary carbon market standards, so as to lower cross‑border transaction costs and support capital flows, particularly to emerging markets.
Source: https://www.hkgreenfinance.org/dr-ma-spoke-at-building-bridges-2026/?lang=zh-hans
Lianhe Green Insights
Dr. Ma Jun’s remarks at the Building Bridges Summit cut to the real pain points of transition finance. Against a backdrop of tightening global sustainability rules, balancing stringency of standards with room for the real economy’s transition is critical. Initiatives including transition whitelists and supply-chain finance can broaden low-carbon financing access for SMEs. Meanwhile, mutual recognition of international standards and alignment with ISSB will reduce barriers to cross-border green capital flows and help emerging markets pursue decarbonisation in a measured manner.
International ESG trends
The EBA releases the final technical package for release 4.4 of its reporting and Pillar 3 disclosure framework
On October 12, 2026, the European Banking Authority (EBA) officially released the final technical package for version 4.4 (Phase 1) of its reporting and Pillar 3 disclosure framework, aiming to reduce compliance costs for financial institutions by enabling earlier IFRS 18 compliant reporting and supporting Pillar 3 disclosure requirements. The package includes Data Point Models, validation rules, and eXtensible Business Reporting Language (XBRL) taxonomies, covering updated Pillar 3 disclosures on ESG risks, IFRS 18-aligned Financial Reporting (FINREP) income and expense templates, technical amendments for Resolution Planning and MREL, corrections to third-country branch liquidity reporting, revised templates for the 2027 Anti‑Money‑Laundering Authority (AMLA) risk assessment, as well as updates to DPM 2.0 glossaries and FAQs, while Phase 2, expected in early 2027, will focus on implementing the supervisory reporting simplification package.
Lianhe Green Insights
This release marks a crucial step forward in the standardization and modernization of European banking supervision and disclosure frameworks. By aligning with new standards and refining ESG risk disclosures, it effectively enhances market transparency and data quality, while the phased implementation and technical refinements reflect a pragmatic regulatory approach that balances robust risk oversight with reducing compliance and technical burdens on institutions.
WMO Warns of Rapidly‑Intensifying Super El Niño
Released on 8 October 2026, WMO’s Global Seasonal Climate Update notes that El Niño is firmly established and strengthening rapidly. It is forecast to peak in December, with a near‑100 per cent likelihood of persisting through February 2027, potentially ranking among the strongest El Niño events since at least 1950. The seasonal‑average Niño 3.4 sea‑surface temperature anomaly for October‑December 2026 is projected at approximately +3.7 °C, exceeding the prior record set in November 2015‑January 2016. Meanwhile, the positive Indian Ocean Dipole is expected to peak in October. El Niño releases heat stored beneath the ocean surface, lifting temperatures across large swathes of the globe, shifting rainfall patterns and amplifying risks of droughts and floods, with repercussions for global economies, ecosystems and communities. The forecast draws on a consensus of models from thirteen national and international centres worldwide.
Source: https://wmo.int/media/news/sea-surface-temperatures-reflect-strengthening-el-nino
Lianhe Green Insights
This WMO warning flags strong El Niño combined with a positive Indian Ocean Dipole. The resonance of these two climate phenomena markedly raises the probability of extreme weather worldwide. The sea-surface temperature anomaly in the Niño3.4 region may reach +3.7°C, exposing many regions to alternating risks of heatwaves, droughts, heavy rainfall and floods. For ESG management, enterprises should pay attention to seasonal climate forecasts, proactively screen exposures across supply chains, hydropower, infrastructure and insurance, refine climate risk response plans and strengthen the resilience of physical assets.
Mainland China ESG trends
MEE Issues the Work Plan for Ecological and Environmental Benchmarks (2026‑2030)
On 28 September, the Ministry of Ecology and Environment (MEE) issued the Work Plan for Ecological and Environmental Benchmarks (2026‑2030) (the Plan). The Plan sets forth that by 2030, a fully institutionalised and standardised working framework for national ecological and environmental benchmarks shall be established; the national technical and methodological system for ecological and environmental benchmarks will be basically built, a batch of key benchmark‑related technologies will be developed, and 30 national ecological‑environmental benchmarks and relevant technical guidelines will be released. Application cases of ecological and environmental benchmarks will be expanded, and benchmark‑related work will be further integrated into ecological and environmental management.
Source: https://www.mee.gov.cn/xxgk2018/xxgk/xxgk05/202610/t20261009_1175758.html
Lianhe Green Insights
The release of the Plan fills the institutional gaps in China’s ecological and environmental benchmark system. Targeting phased goals for 2030, the Plan defines tasks for technological research, deliverable output and practical implementation, shifting benchmark development from research‑oriented exploration toward institutionalised management. As the fundamental scientific underpinning for environmental quality standards and risk assessment, ecological‑environmental benchmarks will be underpinned by this Plan to enable targeted, science‑based law‑enforced pollution governance. It facilitates a benchmark system adapted to China’s native ecological features and provides vital scientific support for pollution prevention, emerging pollutant control and the building of a Beautiful China.
MIIT Issues the Circular on Carrying out the Recommendation and Dynamic Management of Green Factories for 2026
On 29 September, the General Office of the Ministry of Industry and Information Technology (MIIT) officially issued the Circular on Carrying out the Recommendation and Dynamic Management of Green Factories for 2026 (the Circular). The Circular arranges the recommendation and dynamic management work for green factories in 2026. The scope of recommendation for 2026 covers green factories, leading‑enterprise for green supply chains, and green industrial parks. Enterprises and parks complying with the Interim Measures for Tier‑based Cultivation and Management of Green Factories may file voluntary applications. Provincial competent departments of industry and information technology shall conduct dynamic management over existing national‑level green factories and green industrial parks within their jurisdictions. Those failing to meet new assessment criteria will be removed from the list in due course per formal procedures.
Source: https://www.miit.gov.cn/jgsj/jns/wjfb/art/2026/art_b0d4b303e25e48ca9fc97a3e39aec85b.html
Lianhe Green Insights
The joint deployment of carbon emission metrology reviews and the establishment of the "one review, dual-acceptance" mechanism break down institutional barriers between market regulation and environmental authorities regarding data verification, reinforcing the baseline of carbon data quality at the source. For green finance, third-party verification, and ESG evaluation institutions, the standardization, closed-loop management, and incentive mechanisms of metrological results significantly enhance the authenticity and transparency of underlying emission data in the national carbon market. This provides robust and credible data assurance for corporate carbon asset pricing, compliance risk assessments, and green financial product innovations.

