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Express News | CATHAY PAC AIR settled 0.05 million tons of carbon credit products in Hong Kong. The Hong Kong Treasury Bureau: establishes a reference benchmark for future Trade.
CATHAY PAC AIR (00293) settled 0.05 million tons of carbon credit products in Hong Kong. Hong Kong Financial Services and the Treasury Bureau: Establishing a reference standard for future Trade.
On December 18, the Hong Kong Stock Exchange announced that CATHAY PAC AIR (00293) settled a total of 0.05 million tons of voluntary carbon credits through the HKEX-owned carbon market, Core Climate.
HKEX Core Climate provides carbon credit settlement services for CATHAY PAC AIR.
Jingwu Financial News | HKEX announced that CATHAY PAC AIR has successfully settled a total of 0.05 million tons of voluntary carbon credits through its carbon market, Core Climate, as part of its voluntary carbon offset program. The completion of this transaction also reflects Core Climate's ongoing commitment to helping companies achieve green transformation. Core Climate's carbon credit settlement services can assist enterprises and market participants in reducing the settlement risks associated with over-the-counter bilateral transactions of voluntary carbon credits, enhancing trading efficiency, and making the entire trading process more secure and convenient.
The Financial Secretary's Office welcomes Cathay Pacific (00293.HK) to settle 0.05 million tons of voluntary emission reductions through the Hong Kong Stock Exchange (00388.HK) carbon market, Core Climate.
The Financial Services and the Treasury Bureau welcomes Cathay Pacific (00293.HK) to settle 0.05 million tons of voluntary emission reductions through the Hong Kong Stock Exchange (00388.HK) as part of its voluntary carbon offset initiatives. Christopher Hui, the Secretary for Financial Services and the Treasury, stated that this trade demonstrates how Hong Kong's green finance platform assists businesses in achieving sustainable development goals through robust financial market infrastructure, thereby establishing a reference benchmark for more trades in the future. The Chief Executive's 2024 Policy Address proposed enhancing the green finance ecosystem and highlighted Hong Kong as Asia's leading sustainable finance center.
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