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The Hong Kong Sustainable Debt Market Briefing 2024, published by the Climate Bonds Initiative, provides a comprehensive analysis of the Hong Kong Special Administrative Region (HKSAR) green, social, sustainability, and sustainability-linked bond (GSS+) market as of the end of 2024. While overall aligned GSS+ debt volume declined by 41% year-on-year to USD 10.8bn, the report highlights growth in social and sustainability bonds and the HKSAR Government's continued leadership in the Asia-Pacific region through its Sustainable Bond Programme and the introduction of the Hong Kong Taxonomy for Sustainable Finance.

The Climate Bonds Social and Sustainability Bond Dataset Methodology (2025) outlines the criteria and screening processes used by the Climate Bonds Initiative to identify and classify credible social and sustainability (S&S) bonds. The methodology focuses on ensuring that the use of proceeds (UoP) provides substantial benefits to defined target populations and aligns with global sustainability goals while avoiding absolute exclusions such as fossil fuel exploration.

This report by the Climate Bonds Initiative analyzes the alignment of green, social, and sustainability bonds priced in the first nine months of 2022 with its database standards. While most issuance meets these criteria, a significant portion of labelled debt is excluded due to insufficient disclosure or a lack of ambition in the Use of Proceeds (UoP).