The FT HSBC Leadership Briefing in Hong Kong will bring together key decision makers to discuss how China is becoming a world leader of green finance. How will the Trump administration’s attitude to sustainability affect global climate change initiatives? Will this give Asia an advantage to drive the next phase of sustainable innovation and green development?
FT HSBC Leadership Briefing Hong Kong
Accelerating Economic Growth with Green Finance
United Nations Framework Convention on Climate Change (UNFCCC)
Peter Wong Tung Shun, JP
In Association With
The 2016 G20 Hangzhou Summit committed members to invest $90tn to drive global sustainable development. This, along with the 2015 COP21 Paris agreement are seen by many as a landmark intent by all to challenge the status quo. However, implementing this will be more challenging, requiring collaborations between international governments, public and private sector and partnerships, behavioural changes at a global and local level.
Asia is pulling ahead of Europe in terms of total spending on sustainable development projects and taking the lead in green innovation. Given the region’s expected role in driving global economic growth over the coming decades its approach to green investment will be key to shaping the world we live in. Asia - specifically China, will be seen as a blueprint whilst it intensifies its efforts to shift from a traditional industrial economy to a greener, wealthier and more sustainable one. Achieving this, without negatively impacting growth, will be a key aim for policy makers and business leaders still challenged by those who continue to be sceptical of climate change.
Gajanana Hegde leads a team at the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat in Bonn developing regulatory standards for mitigation actions within the UNFCCC’s sustainable development mechanism programme. He has over two decades of professional experience in climate change, renewable energy, energy efficiency and waste management. His area of expertise includes climate finance. He has conducted extensive policy analysis on climate change areas and has contributed to development of over 100 methodologies and standardised baselines applied in over 8,000 projects and Programmes of Activities (PoAs) in 111 countries under the Clean Development Mechanism. He is also contributing to the development of an ISO standard related to climate finance and is engaged in the work of the IFI Technical Working group on harmonisation of GHG standards and ICAT Sustainable Development Guidance. His areas of interest also include crowdfunding and blockchain applications for climate action. He holds a doctorate in Renewable Energy Applications.
Hannah Routh is a partner with Deloitte China in the Sustainability and Climate Change advisory practice. She is a green finance and climate change specialist with 20 years of experience in the field, of which the last ten are in China. Hannah sits on the green finance working group of Financial Services Development Council (FSDC) in Hong Kong, as well as the industry-led green finance task force.
Prior to joining Deloitte, Hannah led the Sustainability and Climate Change consulting team for PwC China for five years. She advised clients across all sectors on sustainable supply chains, climate change mitigation, responsible investment and green finance, as well as environmental, social and governance (ESG) risk. Before joining PwC in 2011, Hannah was Managing Director of a climate change and carbon trading advisory company in Beijing for five years. Here she led numerous projects to advise governments and companies on climate policy and clean energy project finance. Prior to that she ran an NGO in southern Africa implementing renewable energy projects. Her longer term background is in environmental building design and assessment.
Hannah holds two masters degrees from the University of Manchester, the first in Physics and the second in Pollution and Environmental Control.
Peter Wong Tung Shun, JP
Peter Wong Tung Shun is Deputy Chairman and Chief Executive of The Hong Kong and Shanghai Banking Corporation Limited. He is a Group Managing Director and a member of the Group Management Board 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, and Non-executive Director of Hang Seng Bank Limited and HSBC Bank Malaysia Berhad. He is also Non-executive Vice Chairman of Bank of Communications Co Ltd and an independent Non-executive Director of Cathay Pacific Airways Limited.
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.
Mr. Wong was born in Hong Kong in 1951. 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.
Andrew Ward is the FT’s Energy Editor, leading global coverage of the oil and gas industry, power generation and related policy and geopolitical issues. Before taking up his current role in June 2016, Ward was Pharmaceuticals Correspondent, reporting on life sciences, medical technology and healthcare.
Prior to this, Ward was UK News Editor, leading the news desk responsible for the FT’s coverage of UK politics, policy and economics. Previously, Ward served the FT in a number of foreign reporting roles. He was the Nordic bureau chief responsible for coverage of eight countries – Sweden, Norway, Finland, Iceland, Denmark and the three Baltic states of Latvia, Estonia and Lithuania.
Ward has also been the White House correspondent, during which role he covered the George W. Bush administration and the 2008 presidential election campaign. Before moving to Washington, Ward covered business and politics in the US south-east as Atlanta Correspondent. Between 2001 and 2004, he served as Seoul Correspondent, reporting on North and South Korea.
Ward joined the FT in 1999 as a graduate trainee in London and was appointed Media Correspondent in 2000. Ward received his B.A. in Politics and Modern History from the University of Manchester, UK.
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Nicolas Allen has been an Independent Non-Executive Director of the Manager since February 2016 and succeeded as the Chairman of the Board since April 2016. He is also the Chairman of the Nomination Committee and the Finance and Investment Committee of the Manager.
Mr Allen is currently an independent non-executive director of CLP Holdings Limited and Lenovo Group Limited (both of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited). He was an independent non-executive director of VinaLand Limited (which is listed on the AIM of the London Stock Exchange), Texon International Group Limited and Hysan Development Company Limited (which is listed on the Main Board of The Stock Exchange of Hong Kong Limited). Currently, Mr Allen chairs the audit committee of Lenovo Group Limited.
Mr Allen has extensive experience in accounting and auditing as well as securities and regulatory matters. He retired as a partner of PricewaterhouseCoopers in 2007. Mr Allen served on the Securities and Futures Appeals Panel, the Takeovers and Mergers Panel, the Takeovers Appeal Committee, the Share Registrars’ Disciplinary Committee of the Securities and Futures Commission and as member of various committees of the Hong Kong Institute of Certified Public Accountants. Currently, he is the Honorary Advisor to the Financial Reporting Council of Hong Kong, a member of the Hong Kong Institute of Certified Public Accountants Corporate Governance Working Group, and the Chairman of Vision 2047 Foundation.
Mr Allen holds a Bachelor of Arts degree in Economics/Social Studies from The University of Manchester. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Hong Kong Institute of Certified Public Accountants.
Lincoln Leong Kwok-kuen
Lincoln Leong has been Chief Executive Officer and a Member of the Board of Directors at MTR Corporation Limited since 2015, and a Member of the Executive Directorate since 2002. As CEO, Mr Leong is responsible for the company’s overall performance in and outside of Hong Kong. He joined MTR in 2002 as the Finance Director, and was re-titled as the Finance & Business Development Director in 2008. He was appointed Deputy CEO in 2012 and the Acting CEO in 2014. Prior to joining the MTR Corporation Limited, he worked in the accountancy and investment banking industries in London, Vancouver and Hong Kong. Mr Leong is a non-executive director of Mandarin Oriental International Limited, Chairman of the Quality Assurance Council of the University Grants Committee, Vice-Chairman of The Hong Kong Housing Society, and a Vice-Patron and a member of the Board of Directors of The Community Chest of Hong Kong. He was an independent non-executive director of Hong Kong Aircraft Engineering Company Limited. Mr Leong holds a BA (subsequently an MA) from the University of Cambridge and is a qualified chartered accountant. Mr Leong is a chartered fellow of The Chartered Institute of Logistics and Transport in Hong Kong.
Agenda - 14th Sep
8:00amRegistration and Breakfast
8:30amChair's Opening Remarks
Peter Wong Tung Shun, JP, Group Managing Director and Deputy Chairman and Chief Executive, Asia-Pacific, HSBC
In discussion with: Andrew Ward, Energy Editor, Financial Times
9:05amPanel Discussion Framer
Gajanana Hegde, Team Lead, Sustainable Development Mechanisms, United Nations
9:15amPanel Discussion: Encouraging investment in sustainable development?
- What role do policy makers and the private sector play in encouraging environmentally friendly development?
- Over what time frame should we assess the success of policy? How can firms with shareholders seeking short-term gains balance this with the need to look at sustainable development in the longer term?
- What further incentives can be used to encourage green investment? How can the tax system be leveraged to encourage changes in behaviour?
- How effective have green bonds been in bringing in new sustainable investment?
- How effective will the emissions trading permit system due to be introduced in China be? What lessons can be learnt from Europe and other markets that have adopted similar systems?
- How can investors be given the assurances, if they want to invest in long term projects, given the changing regulatory landscape
- What role can regulators play in creating environmental innovation clusters?
- What guidelines are in place to help investors distinguish between ‘greenwashing’ and genuine sustainable development delivery? How can organisations avoid PR becoming more important than action on the ground?
Lincoln Leong Kwok-kuen, Chief Executive Officer, MTR
Nicholas Allen, Chairman, Independent & Non-Executive Director, Link Asset Management Limited
Hannah Routh, Partner, Sustainability and Climate Change, Deloitte China
Gajanana Hegde, Team Lead, Sustainable Development Mechanisms, United Nations
Moderated by: Andrew Ward, Energy Editor, Financial Times
10:05amQ&A with Audience
10:15amChair's Closing Remarks
The FT-HSBC Leadership Breakfast Briefing will bring together academics, think tanks, regulators, government organisations as well C-Suite and senior level professionals, from financial services, insurance firms, law firms and consultants.
Organised by (1)
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.
In Association With (1)
HSBC is one of the world's largest banking and financial services organisations. With around 4,400 offices in both established and emerging markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We serve around 48 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 72 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.
Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 213,000 shareholders in 131 countries and territories.