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A growing awareness of climate risk has galvanised governments and regulators to take action in recent years. This has been accompanied by a rise in stakeholder capitalism, which is backed by more and more top CEOs, who are re-orientating the purpose of their companies to include benefiting all stakeholders – customers, employees, suppliers, communities and shareholders, through the pursuit of such objectives as sustainability. The rise of activist investors has also contributed to a sea change in businesses' attitudes to climate change.

As a result, ESG investing, which was once a marginal activity in the financial world, is increasingly taking centre stage. According to UBS, assets in ESG Funds soared to US$1 trillion last year. This is because such funds often offer higher returns but at lower volatility. All of these developments have made it possible to align value with values, whereby capital is deployed to improve efficiency in resource allocation, lower emissions, and the creation of sustainable products and services, while being rewarded for doing so.

Against such a backdrop, Hong Kong has set up a Green and Sustainable Finance Cross-Agency Steering Group ("Steering Group") in 2020 to promote and accelerate the growth of green and sustainable finance, as well as to coordinate the management of climate and environmental risks in the financial sector. The Steering Group is co-chaired by Hong Kong Monetary Authority ("HKMA") and Securities and Futures Commission ("SFC").

At this half-day webinar, we are pleased to have invited HKMA Chief Executive Mr Eddie Yue and SFC Chief Executive Officer Mr Ashley Alder to speak respectively on developing Hong Kong into a green and sustainable finance hub and the importance of climate change to Hong Kong's future as a global finance centre.

The webinar also comprises two panel discussions during which our distinguished line-up of panellists comprising the following will discuss on opportunities and challenges arising from the sustainable finance market, as well as offer insights to investors' perspectives on sustainable investment.

Panel 1: Growing Hong Kong's Sustainable Finance Market – Policies, Platforms and Opportunities

- Ms Ellie Tang, Head of Sustainability, New World Development Company Limited
- Mr Robert Barker, Chief Sustainable Business Officer, BNP Paribas
- Ms Grace Hui, Managing Director, Head of Green and Sustainable Finance, Markets Division, Hong Kong Exchanges and Clearing Limited
- Mr Nishad Majmudar, Assistant Vice President and Analyst, Sovereign Risk Group, Moody's Investors Service

Panel 2: Climate Change and Finance – Reshaping the Financial Industry to Conform with Investor Expectations

- Mr Dylan Bryant, Co-chair, Insurance Working Group, Hong Kong Green Finance Association
- Mr David Day, Head of North Asia, Data & Analytics, London Stock Exchange Group
- Ms Amy Lo, Chairman, Executive Committee, Private Wealth Management Association

More speaker details will be announced soon.

Please refer to the following on the virtual seminar:
-   Upon successful registration of the event, a unique webinar link will be sent to your registered email 2 days before the event. Please refer to the troubleshooting guide here should you experience any issues in locating the webinar link.
-   Instructions on downloading Zoom and joining a webinar can be found here. We suggest that you familiarize yourself with the software in advance of the webinar.
-   Please log in 15 minutes (at 8:45am) before the event begins, through the link that will be sent to your registered email. This will allow time to address any technical issues that may arise.

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Event Host:

Ms Agnes Chan, Chairman, Financial & Treasury Services Committee, Hong Kong General Chamber of Commerce

Ms Agnes Chan oversees all aspects of business operations of EY in Hong Kong and Macau. With more than three decades of experience in providing tax and business advisory services to a broad range of local and multinational corporations and organizations, Ms Chan's clientele is spread across industries.

As a prominent business leader, Ms Chan is a keen advocate of Hong Kong as an international financial center. She has helped clients with their cross-border business and investment, supporting them in exploring new markets and refining their operations in the region.

Ms Chan also actively participates in public service through a variety of roles, including as a member of the Hong Kong Monetary Authority's Exchange Fund Advisory Committee, a non-executive director of the Securities and Futures Commission, a member of the Hong Kong SAR Government's Advisory Panel on BEPS 2.0, a member of the Inland Revenue Department's Users' Committee, and a member of the Hong Kong General Chamber of Commerce's General Committee.

Welcome Remarks:

Mr Peter Wong, GBS, JP, Chairman, Hong Kong General Chamber of Commerce

Mr Peter Wong Tung Shun is Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited. He is a Group Managing Director and a member of the Group Executive Committee of the HSBC Group.

Mr Wong sits on the board of a number of other entities within the HSBC Group, including Chairman and Non-executive Director of HSBC Bank (China) Company Limited, Non-executive Director of Hang Seng Bank Limited and Director of Serai Limited (HSBC's digital trading proposition for SMEs).

Mr Wong joined HSBC in 2005. From April 2005 to January 2010, he was Group General Manager and Executive Director, Hong Kong and mainland China of The Hongkong and Shanghai Banking Corporation Limited before assuming the position of Chief Executive for Asia-Pacific in February 2010. He became Deputy Chairman of The Hongkong and Shanghai Banking Corporation Limited in May 2013.

Mr Wong's banking career began in 1980 when he joined Citibank. He then joined Standard Chartered Bank in 1997.

He was educated at Indiana University in the US and holds a Bachelor's degree in Computer Science, an MBA in Marketing and Finance and an MSc in Computer Science.

Mr Wong serves on a number of government and regulatory bodies as well as industry associations. He was awarded a Gold Bauhinia Star by the Hong Kong SAR Government in October 2020.

Keynote Remarks:

Mr Eddie Yue, Chief Executive, Hong Kong Monetary Authority

Mr Eddie Yue was appointed Chief Executive of the Hong Kong Monetary Authority (HKMA) from 1 October 2019.  He began his career as an Administrative Officer in the Hong Kong Government in 1986.  He joined the HKMA upon its establishment in 1993 and was promoted to Division Head a year later.  He was appointed Executive Director in 2001 and subsequently Deputy Chief Executive in 2007 before taking up his current position.

Mr Yue has participated in numerous areas of the HKMA’s work.  During his tenure as Deputy Chief Executive, he steered major policies and initiatives relating to reserves management, research, external affairs and market development.  Mr Yue was also actively involved in tackling major financial crises and played an instrumental role in enhancing the Linked Exchange Rate System.

Mr Yue was educated at the Chinese University of Hong Kong and the Harvard Business School.

Mr Ashley Ian Alder, SBS, JP, Securities and Futures Commission, International Organization of Securities Commissions

Mr Ashley Ian Alder is the Chief Executive Officer of the Securities and Futures Commission (SFC) of Hong Kong. He was first appointed in October 2011. In May 2016, Mr Alder was elected as Chair of the Board of the International Organization of Securities Commissions (IOSCO), and was re-elected for a further two-year term in June 2020.

Mr Alder was previously Chair of the IOSCO Asia-Pacific Regional Committee and Vice Chair of the IOSCO Board. Ashley has represented IOSCO as a member of the Financial Stability Board Steering Committee and Plenary since his election as IOSCO Board Chair.

Mr Alder started his career as a lawyer in London in 1984. He moved to Hong Kong in 1989 with the international law firm Herbert Smith, practicing corporate and business law. He was Executive Director of Corporate Finance at the SFC from 2001 to 2004, before returning to Herbert Smith, where he became head of the firm's Asia Region.

Panellists:

Ms Ellie Tang, Head of Sustainability, New World Development Company Limited

Ms Ellie Tang is currently Head of Sustainability at New World Development Company Limited and K11 Concepts Limited, where she founded the function and drives the "New World Sustainability Vision 2030" across the Group's businesses in Hong Kong and mainland China, leads sustainable financing initiatives, and oversees Nature Discovery Park at K11 MUSEA. Ms Tang also co-founded Impact Kommons, Asia's first UN Sustainable Development Goals-focused startup accelerator. She is an appointed member of the Environmental Campaign Committee and the Green Tech Fund Assessment Committee of the HKSAR Government.

Ms Tang's experience covers sustainability strategy and planning, environmental management, ESG reporting, carbon credit project development, and investor engagement. She was previously the Asia Pacific Coordinator of the "HSBC Water Programme" – a global USD100m partnership with governments and NGOs to improve access to fresh water and sanitation, relevant policy support, and community livelihoods.

Ms Tang holds a Master of Public Administration in Environmental Science and Policy from Columbia University, U.S. A holistic sustainability practitioner, Ms Tang is also a certified health coach and a WELL Building Standard® Accredited Professional.

Mr Robert Barker, Chief Sustainable Business Officer, BNP Paribas

Mr Robert Barker is Chief Sustainable Business Officer, Asia Pacific, for the Corporate and Institutional Banking division of BNP Paribas, where he has worked for 15 years, in Hong Kong.

Mr Barker is responsible for developing client solutions for financial institutions and corporates looking to raise and allocate capital to fund economic development with positive environmental and social impact, as well as financial benefit.

Prior to BNP Paribas,  Mr Barker worked for Trucost, the environmental performance data provider for investors and companies, at Dresdner Kleinwort Benson in business management, and as a fund manager for AXA Investment Managers, covering Asia Pacific equity mandates.

Mr Barker graduated from the University of Cambridge with an MA in History of Art, and has a Postgraduate Certificate in Sustainable Business from the University of Cambridge Institute for Sustainability Leadership (CISL). He was a Board Director for ASrIA, the Association for Sustainable and Responsible Investment in Asia.

Ms Grace Hui, Managing Director, Head of Green and Sustainable Finance, Markets Division, Hong Kong Exchanges and Clearing Limited

Ms Grace Hui is the Head of Green and Sustainable Finance at Hong Kong Exchanges and Clearing Limited (HKEX) with responsibility for the development of HKEX's green and sustainable finance programme. From 2013 to April 2020, Ms Hui was the Chief Operating Officer of HKEX's Listing Division responsible for structured products & fixed income, primary market information, listing policies, listing enforcement and accounting affairs.

Prior to joining HKEX, Ms. Hui was with UBS in various roles including Chief of Staff and Global Chief Operating Officer of UBS Legal & Compliance Department.  Ms. Hui is an Honorary Adviser and a member of the Inspection Committee of the Financial Reporting Council; a member of both the Regulatory Oversight Board and the Sustainability Committee of The Hong Kong Institute of Certified Public Accountants; and co-chairs the Market Development Work Stream and the Carbon Market Working Group of the Green and Sustainable Finance Cross-Agencies Steering Group established by Hong Kong Monetary Authority and Securities and Futures Commission.

Mr Nishad Majmudar, Assistant Vice President, and Analyst, Sovereign Risk Group, Moody's Investors Services

Mr Nishad Majmudar is an Assistant Vice President and Analyst within Moody's Sovereign Risk Group. Based in Singapore, Mr Majmudar covers a portfolio of sovereign credits across Asia-Pacific and writes thematic research on environmental, social and governance (ESG) issues in the region. 

Before joining Moody's in 2020, Mr Majmudar was a risk officer in Wells Fargo Bank in Singapore, responsible for setting internal credit ratings for countries in APAC. Prior to that, Mr Majmudar was an economist for the U.S. Department of the Treasury, where he specialised in South Asian economies. 

Mr Majmudar graduated from Syracuse University with degrees in journalism and economics, and holds a Master's in International Affairs from Columbia University and a Master's International Political Economy from the London School of Economics.

Mr Dylan Bryant, Co-Chair, Insurance Working Group, Hong Kong Green Finance Association

Mr Dylan Bryant was born in Canberra, Australia. Dylan attended The Australian National University, earning a Bachelors Degree in Commerce in 2001. Mr Bryant lives on Peng Chau island and is married with 2 children.

Mr Bryant has worked in the Insurance industry for the past 20 years with Zurich Insurance, Lloyds, Swiss Re and Aon. Dylan has experience working in Australia, London, New York and Hong Kong, having moved to Hong Kong in 2009.

From 2016-2019, Mr Bryant was the CEO of Swiss Re International SE Hong Kong, the insurance division of the Swiss Re Group.

Mr Bryant was with Aon as a Director, Strategic Account Management in Asia from May 2019 to February 2021.

In November 2020, Mr Bryant started a consultancy with the UN Environment Program's Principles of Sustainable Insurance division looking at Environmental Insurance and its role in the sustainability of the insurance industry.

Mr Bryant serves as Co-Chair of the Insurance Working Group at the Hong Kong Green Finance Association, a Director of the Chartered Insurance Institute of Hong Kong (CIIHK) and is a Board Member of the Hong Kong Insurance Law Association (HILA).

Mr David Day, Head of North Asia, Data & Analytics, London Stock Exchange Group

Mr David Day is Head of North Asia, Data & Analytics at London Stock Exchange Group, which in a combination with Refinitiv is a leading global financial markets infrastructure and data provider.  He has over 20 years of financial services experience encompassing financial technology and investment banking across Asia and the United States.

Prior to joining Refinitiv, Mr Day was Managing Director in the APAC Financial Services business of London-based global information provider IHS Markit.  Previously, he was Head of APAC and Managing Director for financial services solutions provider Ipreo.  Mr Day has held strategy, business development and investment banking roles at various firms including Merrill Lynch and Goldman Sachs.

Mr Day holds an MBA from the Kellogg-HKUST Executive MBA Program and a BS from the Massachusetts Institute of Technology.  He is currently pursuing a MSc in Financial Technology at HKUST.

Ms Amy Lo, Chairman, Executive Committee, Private Wealth Management Association

Ms Amy Lo is Co-Head of Wealth Management Asia Pacific, Head and Chief Executive of UBS Hong Kong, and a Group Managing Director at UBS.

Actively involved in the development of the private banking industry in Hong Kong, Ms Lo chairs the Executive Committee of the Hong Kong Private Wealth Management Association (PWMA). PWMA is an industry association whose mission is to foster the growth and development of the private wealth management industry in Hong Kong.

She is also a Board Member of the Hong Kong Financial Services Development Council (FSDC), a member of the Banking Industry Training Advisory Committee of the Hong Kong Education Bureau, and a member of the Exchange Fund Advisory Committee Financial Infrastructure Sub-Committee of Hong Kong Monetary Authority.

Ms Lo has over 30 years of experience in the private banking industry. Since joining UBS in 1995, she has held a number of senior management positions including Regional Head of UHNW in Asia. Today, the UHNW business is the leading wealth manager for UHNW individuals in the region.

Moderators:

Ms Pamela Mar, Co-Convenor, HKGCC Sustainable Finance Working Group, Executive Vice President, Fung Group

Ms Pamela Mar leads the development of knowledge and applications which support the Fung Group's strategic response to disruption driven by technology, the rise of sustainability, geopolitical risk and the changing nature of consumption. Current explorations include trade finance, sustainable finance and the global supply chain's evolution after Covid-19.  

Prior to her current role, she ran the Academy's programs that support sustainable, competitive advantage in the supply chains of Fung Group companies, including the use of mobile and IOT technologies, as well as direct supplier training.  Until 2019, she served as the Fung Group Director of Sustainability and was instrumental in growing sustainability beyond compliance and into a competitive advantage for the Group. She was named one of 10 leaders on the Eco-business Sustainability A-List at the end of 2019.  She continues to teach sustainability as an Honorary Visiting Lecturer in the MBA program of the Hong Kong University of Science and Technology.

Mr Nicholas Brooke, GBS SBS JP FRICS FHKIS, Chairman, Real Estate & Infrastructure Committee, Hong Kong General Chamber of Commerce

Mr Nicholas Brooke who has lived in Hong Kong for the last 40 years is a Chartered Surveyor by profession and the Chairman of Professional Property Services Limited which is a specialist consultancy, based in Hong Kong, providing a selected range of advisory services across the Asia Pacific Region. He is a recognised authority on land administration and planning matters and is very much involved with a series of initiatives designed to improve the quality of life in Hong Kong and to enhance the built environment for the benefit of future generations.

In July 2018, Mr Brooke was elected as the Asia Pacific Chairman of the Urban Land Institute, of which he is also a Lifetime Trustee.

Mr. Brooke is also a keen advocate of the importance of innovation and technology here in Hong Kong and was closely involved with the establishment of the Hong Kong Science and Technology Parks Corporation, joining the Board in May 2001 and leading the development of all three phases of Hong Kong Science Park until he stepped down as Chairman in June 2014. He also is the Principal Advisor to the APEC Policy Partnership on Science, Technology and Innovation (PPSTI) which provides guidance to APEC and its 21 member economies on the priorities and projects to be pursued in responding to the challenges faced in the current rapidly changing world, largely in the fields of science, technology and innovation.

Closing Remarks:

Mr George Leung, CEO, Hong Kong General Chamber of Commerce

Before joining The Hong Kong General Chamber of Commerce (HKGCC), Mr George Leung was Advisor to the Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited.  He was also a member of the bank's Hong Kong Executive Committee and other senior management committees.

Mr Leung is a renowned business economist and an influential public policy commentator in the region.  He also has a long record of public service, including former Chairman of both the Financial and Treasury Services Committee and the Economic Policy Committee of HKGCC; and former Acting Chairman of the Hong Kong Association of Banks.  He has also been a member of various public bodies, including Hong Kong Financial Services Development Council, Pacific Economic Cooperation Council (Hong Kong Committee), Greater Pearl River Delta Business Council, Government Statistics Advisory Board, and PCICB.  Mr Leung also served as non-executive director at the Board of The Hong Kong Mortgage Corporation Ltd.  He is now an honorary advisor to several public and tertiary institutions.

Mr Leung obtained his Master of Arts in Economics from the University of Toronto, Canada in 1984.  He also holds a MBS degree from the University of Hong Kong.

Language English
Date and Time 2021/05/12 09:00 to 11:30
Venue Online via Zoom
Media Closed to media
Enquiries Karen Au
Tel: 28231200
Email: karen@chamber.org.hk
Fee Members @ HK$100 / Non-Members @ HK$200
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
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- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
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