The Hong Kong SAR financial regulator stated its proposed voluntary code of conduct will align with international practices based on the recommendations of the International Organization of Securities Commissions (Iosco).
The Securities and Futures Commission (SFC) has announced its support and sponsorship of the development of a code of conduct for voluntary adoption by environmental, social and governance (ESG) ratings and data products providers in Hong Kong SAR. The Voluntary Code of Conduct will help strengthen the transparency, quality and reliability of ESG information used by licensed corporations in their investment decisions - Julia Leung, SFC The proposed Voluntary Code of Conduct (VCoC) will