Jun 2022
Issue No.301
Task Forces/Working Groups/Steering Committees (TF/WG/SCs) 2022/2023
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hanks to the support from our Member Companies, we continued to receive numerous nominations this year. After thorough consideration by respective Chairmen, all TF/WG/SCs are duly formed for 2022/2023 and you may refer to our website for the latest list of Members. We thank you all for your community spirit and readiness to devote your time and expertise to support our work (Circular Ref: Mv050/22).
Green Insurance
Road Map of the Consultancy Study
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ith the appointment of the professional consultant KPMG, we are on full steam to prepare an industry charter, a reporting framework for our market and a model for the aggregation of climate-related data / cross-industry climate risk collaboration. At the meeting held last week, we agreed on the road map and the milestones for the three initiatives. Members will be suitably engaged when we conduct industry consultations and focus group meetings. HKICPA and ISSB Consultations
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he Task Force would prepare an industry submission to The Hong Kong Institute of Certified Public Accountants (HKICPA) and International Sustainability Standards Board (ISSB) respectively in response to the consultations of ISSB’s proposed sustainability disclosures standards and relevant industry-based disclosure requirements. In this connection, on 1 June 2022, KPMG was invited to deliver a briefing on the said subject to enhance members’ understanding and help them furnishing relevant comments to the HKFI. Moreover, a meeting was held with the HKICPA representatives on 16 June 2022 to highlight areas of concern from members towards the proposals. Repositories on Training, Internship and Data Sources
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ith an aim to advance the Green and Sustainable finance (GSF) development in Hong Kong, the Green and Sustainable Finance Cross-Agency Steering Group (CASG) launched different spectrums of GSF repositories, including training information, internship opportunities and data source. For further details, please visit this LinkedIn post. Members will be welcomed to offer internship placements. Please contact us via committee@hkfi.org.hk should you be interested in joining the programme.
Meeting with Legal Aid
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t the Legislative Council (LegCo)’s Joint Subcommittee on Issues Relating to Insurance Coverage for Transport Sector, we made a raft of recommendations to improve the eco-system relating to taxi operations. The Legal Aid Department (LAD) was one of the stakeholders we have been working with to achieve such goal. At the steer of the joint Subcommittee Chair the Hon Frankie Yick and LegCo members the Hon KP Chan, the Hon PL Chan and the Hon Michael Lee, HKFI's core group met the Director of Legal Aid Mr Chris Chong and his senior team on 9 June 2022. In addition to having a candid exchange of views on the current situation, we also explored feasible options to improve the current system and beefed up our ongoing communication channels between LAD and HKFI. As a first step to enhance our collaboration, a focus group workshop will be conducted in Q3 to facilitate mutual understanding on our respective roles and practices.