the Asian Financial Forum The day started at the Hong Kong Convention and Exhibition Centre. Its two-day agenda includes a range of face-to-face conversations between industry leaders and experts, who will together discuss and discover some of Asia’s most pressing financial topics.
The forum has arrived at the right place at the right time, as the financial industry is ushering in the dawn of a new golden age. Financial services, especially fintech, have developed into a mainstay of Asia’s economy, and during their two-day agenda, panelists were set to detail some of the industry’s most central topics, including innotech, financial inclusion, digital currencies and blockchain, startups emerging, and of course how financial services increasingly adhere to ESG standards and expectations.
Highlights from day one include:
Panel Discussion on Environmental, Social and Institutional Governance and Sustainability
Expectations from investments are not what they were ten years ago, and the way investments behave has a strong impact on a business’s reputation and long-term success. There seem to be calls from all sides of the table for investments to consider their environmental impact, and their broader impact on governance and culture.
This session was attended by representatives HSBCAnd state StAnd The result of combining the exposition and the opposite CollectionAnd UBSAnd united Hermes international and the Haitong international Guarantees Collection Together they discussed how governments, financial institutions and philanthropists alike can work collaboratively with each other to ensure a sustainable future by implementing the development of ESG standards.
Identify the challenges, opportunities and trends facing the industry and its clients when complying with the ESG Agenda, Andrew Ericsson“A focus on ESG is at the core of achieving better long-term outcomes for global investors. As a result, we truly perceive ESG through two different lenses. One is The corporate lens. As investment managers, where we make investment decisions. As an asset service, we provide innovative research directly through those companies so they can understand the impact they’re having, and really try to expand the ESG agenda.
“Finally, as an asset service provider, we have to work with our clients on their footprint, what their actual exposure is today, and the impact that their plans will have in the future.
“Initially, people were worried that Covid might take the focus off the ESG, but I think that hasn’t happened. I think there has actually been a further doubling of the focus on ESG because of the connectivity for long-term resilience.”
Policy Dialogue – Policy Responses to Climate Change and Economic Recovery
In light of the economic uncertainty around the world, policy makers have been advocating near-term economic recovery plans with a view to developing long-term sustainability goals. In the face of such formidable challenges, these policies seek to build a more inclusive future for the financial services industry.
This seminar was attended by a group of prominent policy makers, including representatives from Hong Kong Monetary Authority, the Guarantees And Futures A committee, the Central Bank of the PhilippinesAnd Dutch BankAnd IFRS Enterprise and the Hong Kong Green Finance Association.
Discussing how the international momentum is addressing financial risks from climate change, glass KnotThe Chairman of the Financial Stability Board, De Nederlandsche Bank, said: “There is still a lot of work in the early stages, and we still have some very basic challenges here, for example, data availability and quality. But that should not stop us from setting ambitious goals. And by taking coordinated action as an international community, we can achieve the stated goals.”
Dialogue for Tomorrow: The Future of Ownership
With a large proportion of discussions around the forum focusing on how financial services meet ESG standards and environmental regulations, this session discusses how Hong Kong’s real estate industry and development are also in line with changing global situations. These aspects were explored by a panel that included representatives from New world developmentAnd Swire Properties Limited And Other Collection.
While discussing the impact of Covid on the global market and the various mitigations that have come into effect, Andrew small, Associate Director, Sino Group comments: “I think there is a lot of positivity with the pandemic, not that we like it. But it brings awareness to customers and employees about the impact of the environment on the assets we offer.
“We see fear in people, especially at critical times, especially in terms of touching things, so touchless technologies have suddenly emerged very quickly. We see cleaners in cleaning departments are afraid of direct contact with the environment that may be contaminated. We have seen a very rapid adoption of robotic solutions This has really accelerated bot technology in terms of asset management.
But what I think highlights the impact of the environment on people. And I think the deep side of that is that the pandemic has brought awareness that we as a group of invisible asset owners need to be in close dialogue with customers, and in providing a clean and safe environment that fits the consumer in this era. And I think as the pandemic continues, as we continue to live, that won’t change. I think this change that we’re seeing is really positive.”