Cyberport Academy launches Green Finance Speaker Series to promote the development of Green FinTech
SAR - Media OutReach - 27 July
2021 - Cyberport Academy will host a Green Finance Speaker Series to
promote green finance in Hong Kong with FinTech support in light of the rise of
green finance. Cyberport believes that FinTech can empower the development of green
finance and is committed to playing a role in promoting green FinTech to
strengthen Hong Kong as an international financial centre.
Eric Chan, Chief Public Mission Officer of
Cyberport, says Cyberport has a good number of community members focused on
green FinTech and will play a key role in promoting Hong Kong as a leading
green FinTech Hub.
Finance Speaker Series will be launched this Thursday (29 July). Two other
sessions are scheduled on 12 and 19 August. It strives to provide the latest
knowledge of green finance development, with each session covering various
topics from the historic development of international policies and recent
developments in Asia and Hong Kong during the Pandemic to recognised successful
European case studies with the integration of technology. The details of the
Series are as follows:
The first session "Green Finance: Overview – The Best Practice, International Policy and
Measures" will be chaired by Dr
William Yu, CEO of World Green Organisation
The second session "Sustainability-related
financial risks in Hong Kong and Asia amid Pandemic Era" will be chaired by
Dr Glenn Frommer, Founder of ESG Matters
The third session "See a Problem, Measure It and
Fix It" will be chaired by Arnaud Picut, Head of Global Risk Management
Practice at Finastra, and Dr Leonid Bogachev, Associate Professor of Reader in
Probability at the University of Leeds
Organisation for Economic Co-operation & Development (OECD) estimates that
as much as US$7 trillion will be needed each year until 2030 to meet climate
and development objectives. This creates huge demand for green finance. Additionally,
according to the "Hong Kong Green Bond Market Briefing 2020" report issued by Climate Bonds Initiatives,
Hong Kong's green debt market maintained growth in size and diversity last year.
Hong Kong Exchanges and Clearing Limited also continues to enhance the ESG
requirements of listing companies while investors are increasingly more
demanding in investments to perform well in environmentalism and
sustainability. With FinTech's role in propelling green finance, FinTech will
be significant in such developments as well.
Chief Public Mission Officer of Cyberport, said,"When financial investments flow into sustainable
development projects and initiatives, environmental products, and policies that
encourage the development of a more sustainable economy, the market requires
efficient tools for collecting, monitoring and analysing data for better
investment decisions. FinTech delivers such solutions. Cyberport has a good
number of community members focused on green FinTech and will play a key role
in promoting Hong Kong as a leading and green FinTech hub."
Cyberport is a member of the Working Groups under the newly
established Centre for Green and Sustainable Finance by the Hong Kong Monetary
Authority-led Green and Sustainable Finance Cross-Agency Steering Group. With
the objective of helping the financial industry manage the risks and capture
the opportunities presented by combating climate change, the Centre is a cross-sector platform which coordinates the
efforts of financial regulators, Government agencies, industry stakeholders and
academia in capacity building, thought leadership and policy development. It
will also serve as a repository for resources, data and analytics which supports
the transition to more sustainable development.
Picut, Head of Global Risk Management Practice at Finastra, said, "There will be no progress in green finance without
a strong FinTech community. Cyberport is making a lot of progress and has taken
green finance as one of the major streams of development. With a strong
investment and focus from different government bodies, Hong Kong will catch up
quickly with the leader. Financial institutions can employ FinTech within green
finance operations to better analyze costs and efficiency and increase data
Yu, Chief Executive Officer of World Green Organization, said, "Green finance helps provide funds to address
different environmental challenges, turning them into investment opportunities
via structural financial activities and instruments. With the advancement in
technology experienced in FinTech, technology will play a key role in shaping
our future financial services. For example, blockchain applications will
enhance transparency in sustainability efforts, creating reliable records in
environmental projects. UN Sustainable Development Goals (SDGs) could also be a
reference, and serves as a universal agenda that applies to all countries at
the national and local level."
Frommer, Founder of ESG Matters, a
Cyberport incubatee, said, "With green finance growing rapidly, its
potential as the next frontier in the FinTech ecosystem is unquestionable.
FinTech is a critical enabler for green finance, starting with the mass of ESG
data needed to be considered for financial investments. We are hopeful that ESG
data quality and availability will improve. With the continued growth of green
and sustainable finance, we will likely see further development of the green FinTech
for the event can be completed through Cyberport Academy's website five days in advance at the latest. The sessions will be free and have
duration of 1–1.5 hours. Any enquiries should be directed towards [email protected].
For high resolution photos,
please download via this link.
The issuer is solely responsible for the content of this announcement.
Cyberport is an innovative
digital community with over 1,650 start-ups and technology companies. It is
managed by Hong Kong Cyberport Management Company Limited, which is wholly
owned by the Hong Kong SAR Government. With a vision to be the hub for digital
technology thereby creating a new economic driver for Hong Kong, Cyberport is
committed to nurturing a vibrant tech ecosystem by cultivating talent,
promoting entrepreneurship among youth, supporting start-ups on their growth
journey, fostering industry development by promoting strategic collaboration
with local and international partners, and integrating new and traditional
economies by accelerating digital transformation in the public and private