DNV has been recognized by the Hong Kong Monetary Authority (HKMA) as an approved external reviewer for the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme). This recognition underscores DNV’s commitment to supporting green and sustainable finance initiatives worldwide.
Launched in May 2021, the GSF Grant Scheme provides subsidies for the costs associated with eligible green and sustainable bond and loan issuances in Hong Kong. Administered by the Hong Kong Monetary Authority (HKMA), the scheme aims to promote Hong Kong as a leading centre for green and sustainable finance.
In May 2024, the HKMA announced the extension of the Scheme to 2027 and expanded its scope to include subsidies for transition bonds and loans. This expansion is intended to encourage industries in the region to utilize Hong Kong's transition financing platform as they advance towards decarbonization.
To qualify for the GSF Grant Scheme, bonds and loans must undergo a pre-issuance external review by an HKMA-recognized external reviewer. DNV's new status as a recognized external reviewer positions it to play a pivotal role in this process, helping issuers meet the necessary criteria and secure funding under the Scheme.
"We are honoured to be recognized by the Hong Kong Monetary Authority as an approved external reviewer for the Green and Sustainable Finance Grant Scheme,” said Wen Yu Kang, Regional Manager of Greater China - Supply Chain & Product Assurance at DNV.
“This recognition reflects our dedication to promoting transparency, accountability, and sustainability in the financial sector. By providing robust external reviews, DNV will help issuers navigate the complexities of green and sustainable finance, ensuring they meet the highest standards and contribute meaningfully to the global transition towards a low-carbon economy."