Category Fraud Alerts HK

Hong Kong SAR, China, 27 April, 2021— The Alliance for Green Commercial Banks (the Alliance), co-launched by the Hong Kong Monetary Authority (HKMA) and International Finance Corporation (IFC), a member of the World Bank Group, hosted the first roundtable, “CEO Talk: Opportunities for Green Bank Transformation”, virtually on 27 April, 2021. The roundtable attracted over 1,100 participants globally from Asia Pacific, Europe, the Middle East, Africa, and the Americas.

The Alliance was jointly launched by the HKMA and IFC in November 2020 to help banks develop the solutions needed to address climate change across emerging markets. As part of its knowledge sharing and capacity building efforts, the Alliance will be hosting a series of roundtable sessions on relevant topics, starting in April 2021. The roundtable sessions will equip participants with the basic knowledge related to green banking transition and will provide a platform for market participants across commercial banks, leading real sector companies, tech innovators, thought leaders, and regulators to share their first-hand experiences and intelligence.

The event started off by opening remarks from Ms Stephanie von Friedeburg, Senior Vice President, Operations, IFC; and keynotes by Dr Ma Jun, Chairman, Green Finance Committee of China Society for Finance and Banking.

The roundtable was moderated by Mr Eddie Yue, Chief Executive of the HKMA. The session also featured the following speakers, including chief executives from commercial banks and thought leaders in green bank transformation:

  • Mr Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited;
  • Mr Sun Yu, Vice Chairman and Chief Executive, Bank of China (Hong Kong) Limited; and
  • Mr Alfonso Garcia Mora, Vice President, Asia and Pacific, IFC.

During the roundtable session, speakers discussed the green strategies and the transformation roadmap of commercial banks, as well as opportunities in green investments and risk management in Hong Kong, China and Asia.

“The Alliance for Green Commercial Banks has the mission to support financial institutions on their green transition,” said Mr Eddie Yue, Chief Executive of the HKMA. “Today’s discussion has demonstrated that the transformation into green banks can create effective and far-reaching market-based solutions. This will address a range of impacts that emerge from climate change while at the same time allow banks to identify and secure new business opportunities that benefit customers.”

“There is no green future without green finance. To seize its enormous potential and limit global warming, it is more important now than ever for banks to build their capacity to green their operations and adequately assess, manage and disclose environmental, social and governance (ESG) risks. The Alliance for Commercial Banks will help members share knowledge and forge partnerships that will spearhead climate-smart initiatives and enable the transition to a low-carbon global economy,” said Ms Stephanie von Friedeburg, Senior Vice President, Operations at IFC.

Riding on the success of the inaugural roundtable, the Alliance will be hosting roundtable sessions throughout the year. Participants will have the opportunity to learn and exchange knowledge with global sustainability as well as ESG experts, leaders in green finance and real sector, and peers from across the regions on topics such as green finance, carbon neutrality, climate risk, ESG, market trends and opportunities, policy environment and more.

 

Hong Kong Monetary Authority
27 April 2021

 

The Alliance for Green Commercial Banks hosted the first roundtable, “CEO Talk: Opportunities for Green Bank Transformation”, virtually today (27 April 2021). The event started off by opening remarks from Ms Stephanie von Friedeburg, Senior Vice President, Operations, IFC (centre; first row); and keynotes by Dr Ma Jun, Chairman, Green Finance Committee of China Society for Finance and Banking (right; first row). The roundtable was moderated by Mr Eddie Yue, Chief Executive of the HKMA (left; first row), and was joined by Mr Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited (left; second row); Mr Sun Yu, Vice Chairman and Chief Executive, Bank of China (Hong Kong) Limited (centre; second row); and Mr Alfonso Garcia Mora, Vice President, Asia and Pacific, IFC (right; second row).
The Alliance for Green Commercial Banks hosted the first roundtable, “CEO Talk: Opportunities for Green Bank Transformation”, virtually today (27 April 2021). The event started off by opening remarks from Ms Stephanie von Friedeburg, Senior Vice President, Operations, IFC (centre; first row); and keynotes by Dr Ma Jun, Chairman, Green Finance Committee of China Society for Finance and Banking (right; first row). The roundtable was moderated by Mr Eddie Yue, Chief Executive of the HKMA (left; first row), and was joined by Mr Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited (left; second row); Mr Sun Yu, Vice Chairman and Chief Executive, Bank of China (Hong Kong) Limited (centre; second row); and Mr Alfonso Garcia Mora, Vice President, Asia and Pacific, IFC (right; second row).

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