Finoverse’s Post

Recently the UEL Centre of FinTech, in collaboration with the Royal Docks Centre for Sustainability (RDCS), hosted an engaging roundtable event. The discussion brought together academics, industry experts, and thought leaders to explore the intersection of FinTech and sustainable finance. Key objectives included: ✔️ Assessing the impact of finance on climate change from causation, risk mitigation, and adaptation perspectives. ✔️Evaluating the specific implications of FinTechs on sustainability. ✔️Sharing current knowledge to inform the UEL community and beyond. Dr Iwa Salami, Director of UEL Centre of FinTech and Reader in Law, highlighted, "A lot of research still needs to be done to discover the extent to which FinTech impacts sustainability and also how climate FinTechs can proffer solutions to the crisis such as through helping to collect quality data on the impact of finance on sustainability, which can then inform effective regulation and standards on ESG reporting." This event opened up exciting research opportunities across Master's and PhD programs at the Centre of FinTech, the Royal Docks School of Business and Law, the UEL School of Architecture, Computing and Engineering, and the Sustainability Research Institute. 📺 For more on the event, check out: https://bit.ly/4bCAHfG #FinTech #SustainableFinance #ClimateChange #ResearchOpportunities #ESG

Ms. Alice Suen, Head of Sustainable Finance, Commercial Banking, Hong Kong, HSBC shares why a more robust regulatory framework and easy access to sustainable finance can help businesses accelerate green transition. Join the 2023 HKGFA Annual Forum discussion on 4 October (Wed) and hear from Alice on Session 3 – Scaling Financial Innovations and Solutions for Transition. RSVP for virtual participate now: https://lnkd.in/gtYSiseW To purchase in-person tickets, please refer to HKGFA website: https://lnkd.in/gY7bVCn9 Q1: With the HKGFA Annual Forum theme this year being “Transition to Net Zero: From Ambition to Action”, do you see any gap between green ambition and action currently, and what kind of support/guidance/initiative companies would need? “Financial institutions and businesses from different sectors are becoming increasingly aware of the importance of managing climate risk. Today, the ambiguity has made it challenging for companies to take effective actions. A more robust regulatory framework in reporting and verification will help companies, especially those from high-emitting sectors, to make genuine progress in their transition journeys.” Q2: Do you think companies have started their journey of green transition? How can sustainable finance help realise such transition? “Small and medium-sized enterprises (SMEs), which account for the majority of businesses, can make a huge impact on global climate action. However, they often have fewer resources to start or move forward in their decarbonisation journey. Enhancing the access to green and sustainable finance, and relevant support and guidance in acquiring essential ESG knowledge, will help smaller businesses take the first step in contributing to the carbon reduction targets of their respective economies.” We are grateful for the support of HSBC as a Diamond Sponsor of the Annual Forum.   Hong Kong Green Finance Association (HKGFA) #HKGFAAF23 #sustainable #sustainability #greenfinance #SBT #transition #challenges #opportunities

Mr. Tasos Zavitsanakis, Co-Head of APAC Sustainable Finance Office, UBS highlighted the key role of financial sector in facilitating green transitions for businesses. Join the 2023 HKGFA Annual Forum discussion on 4 October (Wed) and hear from Tasos on Session 4 – Advancing Green Tech for a Net-Zero Future. RSVP for virtual participation now: https://lnkd.in/gtYSiseW To purchase in-person tickets, please refer to HKGFA website: https://lnkd.in/gY7bVCn9 Q1: With the HKGFA Annual Forum theme this year being “Transition to Net Zero: From Ambition to Action”, do you see any gap between green ambition and action currently, and what kind of support/guidance/initiative companies would need? “Pressure from governments and investors for businesses to stretch beyond making climate pledges and move toward concrete actionable steps is necessary for a sustainable future. Governments and investors should facilitate investments in emerging green technologies, enabling companies for early adoption. This will accelerate their decarbonization initiatives and allow for a more equitable and just transition.” Q2: Do you think companies have started their journey of green transition? How can sustainable finance help realise such transition? “As of today, more than one-third of the world’s largest publicly traded companies now have net zero targets. The financial sector can play a catalytic role in accelerating the decarbonization of the real economy by transitioning existing businesses and scaling frontier innovation. This can be done through innovative financial instruments and strategies that blend both private and public finance, shaping the new frontier of the impact economy.”   We are grateful for the support of UBS as a Platinum Sponsor of the Annual Forum.   Hong Kong Green Finance Association (HKGFA) #HKGFAAF23 #sustainable #sustainability #greenfinance #SBT #transition #challenges #opportunities

🌍💰 Financial institutions are under increasing scrutiny for their environmental impact. Recent insights reveal the crucial role of ESG criteria in reshaping bank reliability among investors and customers. Despite significant strides, sustainable finance is still challenging for the banking sector. With the global sustainable investment market projected to hit $30 trillion by 2030, Australian banks must reassess their lending portfolios to mitigate environmental risks. Embracing sustainable lending practices is not just about corporate responsibility—it's a strategic imperative for long-term viability.  Click here to learn more! https://hubs.ly/Q02FFj150

We are delighted to have won five awards at The Digital Banker– Global Sustainable Finance Awards 2024. We were recognised as the best private bank and the best wealth manager for sustainable finance in Hong Kong, having an outstanding innovation in sustainable finance – private wealth investment, and we were also awarded the world’s best private bank and the world’s best wealth manager for sustainable finance. These awards recognise our continuous effort towards ESG and sustainable investing. #sustainablefinance #sustainableinvesting

The future of Philippine fintechs will be driven in major part by investments that value environmental, social and governance principles.

🌿 Discover how the financial sector is bolstering its resilience against environmental risks! Dive into the insightful report from the recent Singapore Fintech Festival 2023, where industry leaders, policymakers, and experts discuss the urgent need for action. Explore key takeaways, barriers to progress, and stakeholder roles. Let’s build a sustainable financial sector that safeguards our planet for generations to come. https://lnkd.in/gKGp4Hn5 🌎💚 #Sustainability #Finance #ClimateResilience #EnvironmentalRiskManagement #ElevandiInsights Special thanks to Aymeric Salley, Katharine Cheung, and Alice Kwok for co-developing this insight paper

CHKLC is proud to be organsing for the third year the "ESG and Green Finance Opportunities Forum" on 4 October 2023 with Hang Seng Bank as Title Sponsor three years in a row. This year's event focuses on the hot topics of #Transitionfinance, #Socialimpactinvestments and the use of #Technology to mitigate #Climaterisks and transition to a #Lowcarboneconomy. We are honoured to have the Financial Secretary the Honourable Paul Chan to deliver an opening remark followed by many distisguished speakers from international investment corporations such as IFC - International Finance Corporation, Asian Infrastructure Investment Bank (AIIB) and international standard-setters such as The International Capital Markets Association and World Benchmarking Alliance to comment on their activities in #Transitionfinance and #socialimpactinvestments and the importance of taxomony, investment framework and measurements. Locally, we have representatives from SFC and HKEX to disucuss the upcoming Climate-related disclosures for listed issuers. On the #Technology side, we are pleased to partner with Cyberport Hong Kong to showcase the latest ESG-related technology development and application trends. Dr. Lan Hong, Deputy Director of Eco-Finance Research Centre of Renmin University of China will deliver a keynote address on "Green Finance and the Double Carbon Goals and Implications to Hong Kong" at the luncheon. This Forum gives the best international vision and local insights and will point the many ways forward to ESG and Sustainable Development for listed issuers and members of the business community, and underlines CHKLC and Hang Seng Bank’s commitment to promote best practices in these areas. PM me if interested for tickets to attend in person or the Zoom link to view online. Catherine Leung Ricco Zhang Tat Lam Anthony Cheung https://lnkd.in/gR-GcKpM

The agreement aims to foster cooperation in various areas notably in building an ESG ecosystem among others https://lnkd.in/gc_NwAFP #fintech #hongkong #greenfinance #financialservices

Sustainable Finance in Emerging Markets Sustainable finance has become an area of concern for global investors and policymakers. Last year proved to be a landmark year for emerging markets (EM), with sustainable debt issuance in 2022 reaching nearly $200 billion. For more information, please visit www.aqcomply.com #Sustainablefinance #Emergingmarkets #policymakers #usa