Investors have become progressively attentive of the significance of environmental, social and governance (ESG) issues while estimating investment decisions, and ESG topics have also become priorities for leading securities regulators and stock exchanges. About US$2.7 trillion of assets are now managed in more than 2,900 ESG funds, according to Morningstar. The stock markets and investors have proven this by the fact that $649 billion was invested in ESG-focused funds globally through the end of November 2021 based on the latest Refinitiv Lipper data. Morningstar also reported that capital flows into ESG funds continue to increase with total assets invested in Asia-domiciled funds at US$36.3 billion at the end of June 2021. Further report by 2022 Global Investor Study, in an Asia-focused snapshot, the firm found 54% of investors in Hong Kong said the types of sustainable funds they would most like to invest in are ones that focus on financial returns while integrating sustainability factors.
Since the mandatory disclosure of ESG reports by listed companies in 2015, Hong Kong Exchanges and Clearing Limited (HKEX) has continued to enhance its ESG disclosure requirements. There were 15 internationally aligned green bonds and one green loan with the green bond issuance topped $2 billion in 2020 according to the Climate Bonds Initiative. The Green and Sustainable Finance Cross-Agency Steering Group has announced in October 2020 its intention to make climate-related disclosure in line with the TCFD recommendations mandatory by 2025. Each of Hong Kong’s 2,500 listed companies must put numbers on potential impact from extreme climate events like severe typhoons and rising sea levels, according to draft rules due for final approval in 2023. Any fund manager with a portfolio larger than US$1 billion must disclose the emissions data of companies they invest in according to the Securities and Futures Commission (SFC).
Join us at ESG Summit by Trueventus to acquire insightful knowledge and fruitful discussion on the impact of regulatory measures on standardisation efforts. Learn and understand holistically about the development of Environmental, Social, Governance in the company, uncover case studies from reputable speakers, experience the latest applied technology to improve data quality insight, and gain networks with global experts across industries.
Wolters Kluwer is a global leader in professional information, software solutions, and services for the health, tax & accounting, finance,
risk & compliance, and legal sectors. We help our customers make critical decisions every day by providing expert solutions that
combine deep domain knowledge with specialized technology and services.
CCH Tagetik, a part of the Wolters Kluwer Tax & Accounting division, provides solutions to CFOs for Corporate Performance Management. For over 20 years, CCH Tagetik has collaborated with finance organizations to optimize multiple business processes including budgeting, planning & forecasting, consolidation, reporting, analysis and disclosure management in one unified platform, available on Cloud and On-Premise. We have implemented a full range of Corporate Performance Management processes including more than 2500 applications at more than 1300 customers across various industries. Recently recognised by Gartner as the Leader in the 2019 Gartner Magic Quadrant for Cloud Financial Close Solutions (FC), 2020 Gartner Magic Quadrant for Cloud Financial Planning & Analysis Solutions (FP&A), 2021 Gartner Market Guide for Cloud, Extended Planning and Analysis (xP&A), 2022 Gartner Magic Quadrant Supply Chain Planning Solutions and is recognized as a leader in 2022 Chartis Research IFRS 17 and LDTI Market Update and Vendor Landscape Report, 2022 Nucleus Supply Chain Planning Matrix, and 2022 Nucleus CPM Value Matrix and we are ranked among the highest level of customer satisfaction in the market every year.
CCH® Tagetik is one of the fastest growing global software companies in the industry. A global vendor exclusively focused on simplifying and streamlining business processes for the CFO and the Office of Finance.
Nasdaq’s position at the nexus of the capital markets ecosystem provides us unique insights into specific stakeholder needs to help corporates navigate complexity and create value while also reducing financial, operational, and reputational risks. As a true partner to the corporatecommunity, we support companies at all maturity levels to achieve ESG excellence, drive good governance and action their strategies through a unique combination of technology, tools, data, insights and capital market solutions.
Learn more about Nasdaq’s ESG and Governance solutions today.
Green Network Asia is a purpose-driven public aairs consultancy and independent digital media company envisioned to create an ecosystem of shared value for sustainable development.
The Hong Kong Green Finance Association (HKGFA) brings together the talent and expertise of financial institutions and green businesses in Hong Kong.