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PBEC Vice Chairman Dr. George Lam BBS, JP spoke at the ESG for Climate Action Int’l Conference – Road to COP28 – Nov 2023

PBEC’s VC Dr. George Lam BBS, JP spoke to lawmakers, stakeholders and delegates at the recent World Green Organisation and ESCAP-ESBN supported event on ESG for Climate Actions International Conference held at Cyberport HK. It was in a hybrid format with several hundred in the audience and over 25K were watching online. George highlighted the many challenges Asian economies still face in allocating sufficient resources and incentives to the private sector to reduce their own industrial carbon footprints. He emphasised the important role HK as the leading capital market in Asia is playing to attract and facilitate investors and businesses through Govt green bond issuing to stimulate and move the needle. The Hang Seng and HKMA are bringing more and more mandatory regulations for disclosure to bear on MNC’s. Lots more to do but its evident that HK and Mainland China are making significant inroads to making sustainable & green finance available to all who are seeking to transition away from fossil fuels and upgrade old equipment, this very much includes SME’s which make up the vast majority of businesses in HK as part of their digital transformation taking place at a rapid pace.

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