CCA co-organised a webinar with the Hong Kong Institute of Bankers (HKIB) on 5 August 2020. Nearly a hundred members of the Institute have attended this webinar, ranging from vice presidents, heads of compliance to credit risk managers and audit managers. The sharing also forms the basis of the forthcoming Certificate Programme (Climate Emergency: Risks and Opportunities for Bankers) co-organised by CCA and HKIB in September 2020.
The first part of the webinar focused on the overview of climate emergency and how climate risks pose challenges to financial institutions. Mr John Sayer, Director of CCA, shared with participants the various international reports stating how climate change threatens global GDP. He then pointed out different solution suggestions, such as the “green and just recovery” initiatives raised by the Task Force of C40 Cities and Paris Agreement. The sharing was taken further by introducing the recommendations of The Task Force on Climate-related Financial Disclosures (TCFD) and the worldwide trend showing more and more financial firms have committed to disclose climate-related financial risks.
Part two of the webinar focused on the opportunities and solutions for banks and bankers. Ir Albert Lai, CEO of CCA, pointed out the risks of capital lending and emphasised that investment opportunities exist for green infrastructure. Following an overview on policy support by the Hong Kong Monetary Authority as well as the Securities and Futures Commission, Mr Lai elaborated on a set of sustainable finance toolbox, which includes green bonds, green loans, sustainability-linked loans, green REITs and green indices.
The webinar ended with a Q&A session for participants to exchange their views with the speakers.
For more information on the HKIB Certificate Programme (Climate Emergency: Risks and Opportunities for Bankers), please click HERE.
To find out more about CCA’s integrated service to promote and support green finance, please see:
https://www.carboncareasia.com/eng/Green_Finance/Promotion_Development_and_Support.php
