Core Insights - The report titled "Leading Change: Climate Information Disclosure and Outlook for Key Industries of Hong Kong Listed Companies" focuses on the status of climate information disclosure and low-carbon transition among Hong Kong listed companies [1][5] - It highlights the urgent need for companies to improve climate information disclosure and develop net-zero transition plans, especially in light of new mandatory disclosure requirements set to take effect in January 2025 [4][11] Industry Analysis - The report examines six key industries: apparel, food and beverage, household goods, hotels, logistics, and transportation and automotive [5][11] - It identifies significant gaps in three areas: 1. Over half of the companies have not disclosed Scope 3 emissions data, which accounts for approximately 70% of total emissions in the consumer goods sector [1][14] 2. Most companies lack science-based decarbonization targets; while 85% have reduction commitments, 57% have not set or followed international standards [1][14] 3. Only 10% of surveyed companies have well-developed net-zero transition plans [1][14] Regulatory Context - Hong Kong's regulatory environment is evolving, with the Hong Kong Stock Exchange (HKEX) implementing new climate-related disclosure requirements aligned with IFRS S2, effective January 2025 [11][32] - The new requirements aim to enhance transparency and consistency in ESG disclosures, which are crucial for sustainable finance and corporate responsibility [11][32] Future Outlook - As new disclosure requirements are implemented, companies are expected to change their disclosure practices, potentially narrowing data gaps [2][11] - Companies that address data and knowledge gaps may attract more funding, facilitating their transition and sustainable growth [2][11] Recommendations for Companies - Companies are encouraged to improve supply chain transparency, integrate sustainability into procurement strategies, and actively engage stakeholders to implement effective decarbonization plans [19][22] - Specific steps for disclosing Scope 3 emissions data include identifying relevant activities, determining boundaries, collecting data, allocating emissions, and publicly disclosing the information [44][45]

Group 1 - The core message emphasizes the importance of multilateralism and sustainable development in the face of climate change and biodiversity loss, particularly in light of recent geopolitical tensions [1] - China is committed to high-quality development and accelerating green low-carbon transformation, with non-fossil energy accounting for nearly 40% of total power generation and renewable energy capacity reaching 57.3% [2] - The Chinese government has implemented a comprehensive policy framework to support green development, resulting in rapid growth in green finance, including green loans, bonds, and insurance [2] Group 2 - There is significant potential for cooperation between China and the UK in the field of green finance, with both countries sharing common goals for green transformation [3] - China has been a major trading partner for the UK, and the bilateral trade and investment scale continues to grow, highlighting the need to avoid viewing China as a threat [3] - Frequent high-level dialogues between the two countries are essential to deepen practical cooperation and support global sustainable development [3]

Group 1 - Clean hydrogen plays a crucial role in achieving net-zero emissions in the Asia-Pacific region by 2050, particularly in high-carbon industries like steel, chemicals, and aviation [1][10][14] - The demand for hydrogen in the Asia-Pacific is projected to reach 67 million tons by 2030 and 235 million tons by 2050, with industrial sectors dominating the demand [1][11] - China and India are expected to account for 80% of the region's hydrogen demand, but domestic supply may not fully meet this demand, necessitating imports [1][11][14] Group 2 - The global hydrogen market is anticipated to reach $1.2 trillion by 2050, with the Asia-Pacific region accounting for 50% of this market [1][14] - Green hydrogen will be the primary supply form, expected to exceed 85% by 2030 and 95% by 2050, while blue hydrogen may play a transitional role [1][14] - The Asia-Pacific region will need to import 18 million tons of clean hydrogen and derivatives by 2030, increasing to 53 million tons by 2050, leading to a cross-border trade scale of $145 billion per year [1][14] Group 3 - An estimated $3.2 trillion investment is required in the hydrogen value chain over the next 25 years in the Asia-Pacific, with 52% allocated to renewable energy generation and transmission [2][25] - Australia is projected to be a major exporter, requiring over $300 billion in investments to meet regional demand [2][25] - Key factors for the development of hydrogen trade corridors include geopolitical stability, simplified foreign investment processes, and supply chain integration [2][28] Group 4 - The year 2025 is identified as a critical year for the development of clean hydrogen in the Asia-Pacific, with $44.5 billion in policy support already announced [2][38] - Challenges include inconsistent certification standards, balancing blue and green hydrogen pathways, and coordinating cross-border pricing [2][41] - The experience of Europe in promoting hydrogen applications through carbon pricing and subsidies may provide valuable insights for the Asia-Pacific region [2][45] Group 5 - China is emerging as a leader in clean hydrogen, with a production capacity expected to reach 120,000 tons per year by 2024 and over 30% of global hydrogen stations [3][49] - The cost advantage in China's clean hydrogen production is driven by abundant renewable energy resources and significant electrolyzer manufacturing capacity [3][50] - The establishment of hydrogen trading platforms in regions like Shanghai aims to facilitate certification, pricing, and market circulation of clean hydrogen [3][52]

如约⽽⾄，⾸聚京城。彭博新能源财经将于 2025年3⽉20⽇（周四）在京举办⾸届北京峰 会。 逾300位资深⾏业领袖、投资专家和政策制定者⼈⼠届时将汇聚⼀堂，共同探讨中国以 及全球实现净零转型所⾯临的关键挑战和机遇。让我们同探讨未来能源的发展⽅向，共同推 动能源⾏业的繁荣与可持续发展！此次峰会 报名截 ⽌时间为3 ⽉14⽇（周五） ，欢迎您报 名参与此次盛会! 03⽉20⽇ 13:00 签到 13:30 欢迎致辞 Jon Moore 彭博新能源财经CEO 13:50 重塑电⼒系统：步⼊深⽔区 王仲颖 中国宏观经济研究院 能源研究所原所⻓ 张希良 清华⼤学 能源环境经济研究所所⻓、教授 赵勇 中国华能集团 能源研究院院⻓ 主持⼈ 汪⼦越 彭博新能源财经 中国研究主管 14:20 BNEF观点： 迈向2030，中国能源转型之路 汤思斯 彭博新能源财经 中国研究负责⼈ 寇楠楠 彭博新能源财经 中国能源转型专家 15:00 中国油⽓⾏业的未来 罗⼤清 中国⽯化集团 经济技术研究院有限公司党委书记 钱兴坤 中国⽯油集团 经济技术研究院执⾏董事、党委书记 王震 中国海油集团 能源经济研究院院⻓ 14:35 分析师圆桌： ...