The Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) recently unveiled the 2025-26 Budget, which underscores the government’s commitment to advancing green finance and sustainability initiatives.

Extension of the Pilot Green and Sustainable Finance Capacity Building Support Scheme

One of the key highlights of the accelerating green development in the budget is the extension of the Pilot Green and Sustainable Finance Capacity Building Support Scheme. This initiative aims to nurture local talent in green finance, addressing the growing demand for professionals with expertise in environmental, social, and governance (ESG) principles.

Hong Kong’s ambition to become a regional hub for green finance requires a skilled workforce capable of driving innovation and implementing sustainable financial practices. By extending this scheme, the government is not only supporting the development of green finance talent but also reinforcing Hong Kong’s position as a leader in sustainable finance within the Asia-Pacific region.  

For businesses, this initiative presents an opportunity to upskill their teams and integrate ESG considerations into their operations and investment strategies.

HK$180 Million Allocation for Food Waste Collection and Recycling Expansion 

Another significant announcement in the budget is the allocation of HK$180 million to enhance residential food waste collection and expand the recycling network. This investment reflects the government’s focus on tackling environmental challenges and promoting a circular economy.

Food waste is a pressing issue in Hong Kong, accounting for a substantial portion of municipal solid waste. By improving collection infrastructure and expanding recycling capabilities, this initiative aims to reduce landfill dependency, lower carbon emissions, and foster community engagement in sustainable practices.  

For businesses, this development highlights the importance of adopting sustainable waste management practices and aligning with broader environmental goals.

Implications for Businesses and the Way Forward

The 2025-26 Budget demonstrates the HKSAR government’s proactive approach to sustainability and green finance. These initiatives not only address immediate environmental and social challenges but also create a conducive environment for businesses to thrive in a low-carbon economy.

As ESG considerations continue to gain prominence, organizations must stay ahead of the curve by integrating sustainability into their core strategies.

How We Can Help?

At PKF, we provide ESG advisory services that empower organizations to navigate the complexities of sustainability and green finance.

The 2025-26 Budget marks a significant step forward for Hong Kong’s green finance and sustainability agenda. Let us help you seize the opportunities presented by these developments and contribute to a more sustainable future.  

Contact us today to learn more about how our ESG advisory services can support your organization’s sustainability goals. Together, we can make a meaningful impact.