10 points on climate-related compliance and disclosure for fund managers in Hong Kong

In today’s disrupted global trade environment, where policy shifts and trade sanctions can emerge unexpectedly, buyers and sellers of goods face heightened legal and financial uncertainty and risk. Sudden changes in trade laws, particularly tariffs and sanctions, can materially affect contract performance and pricing. To mitigate these risks, parties to commercial contracts may benefit from incorporating a tailored provision, which we shall refer to as the "Trump Majeure Clause" (TMC). The TMC is a hybrid of the traditional force majeure clause and a change in law clause, designed specifically to address disruptions caused by newly imposed tariffs or trade sanctions. Its purpose is to allow contractual flexibility in the face of government actions that frustrate the original purpose of entering into the agreement.

Vietnam has released an approved roadmap for a domestic carbon market, in a significant step towards achieving net-zero emissions by 2050. A phased approach will see a pilot start in June 2025, working towards full implementation by 2029.

It is estimated that the health system is responsible (either directly or indirectly) for 5% of Australia’s greenhouse gas emissions, with clinical care contributing to over half of greenhouse gas emissions produced by health systems.[2]