18/12/2020 (Agence Europe) – The European Commission on Thursday 17 December welcomed the joint membership of the Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission to the ‘International Platform on Sustainable Finance’. The purpose of the International Platform on Sustainable Finance, which was launched by the EU, Argentina, Canada, Chile, China, India, Kenya, and Morocco in October 2019, is to strengthen international cooperation and find better ways to coordinate the approaches taken by the different countries involved, in order to increase the participation of private capital in ‘green’ investments (see EUROPE 12352/18). In all, 14 countries are working with the EU on initiatives such as taxonomies, standards, labels and disclosures to help investors identify ‘green’ investments. (MF)