According to a report by MSCI, Hong Kong and mainland Chinese companies lag behind their regional counterparts when it comes to the credibility of their emissions reduction targets in combating climate change.

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According to a report by MSCI, Hong Kong and mainland Chinese companies lag behind their regional counterparts when it comes to the credibility of their emissions reduction targets in combating climate change. - SCMP

Quick Summary:

Only 1 per cent of large-cap Hong Kong-listed firms in the MSCI AC Asia-Pacific IMI index have set greenhouse gas reduction targets considered fully’ credible, less than the regional average.

This trails 2 per cent to 22 per cent of large-cap constituents in the rest of the region besides mainland China and New Zealand.

Last year, the Asia-Pacific region contributed 40 per cent of global emissions.