Six out of 10 financial professionals involved in ESG decision-making believe rising costs will hinder the sustainability strategies of the businesses they invest in, according to an HSBC survey.
The emissions exceeded those from fossil-fuel use by Ukraine’s 43 million people, according to data on global forests released by non-profit CTrees at the COP27 summit.
Common prosperity first emerged as a concept in the 1950s after the establishment of the People’s Republic, but has surged in prominence in the past year as China seeks to narrow the nation’s wealth gap.
While the US and China plan to resume cooperation on climate change following a meeting between Joe Biden and Xi Jinping in Bali, analysts said progress would be slow because of geopolitical tensions.
Mainland China and Hong Kong firms have seen the greatest growth in whistle-blower reports but have failed to respond adequately, a survey of five major Asia-Pacific markets by law firm Baker McKenzie has found.
The top climate envoys of China and the US have held informal talks on climate cooperation, in a sign that tentative steps are being taken to pave the way for negotiations by the top leaders of the world’s two largest greenhouse gas emitters later this month.
‘If we’re going to keep 1.5 degrees alive – and that is our goal – we have an enormous challenge ahead of us to bring to scale new technologies, and to harness the deeply capable capacity of the private sector and entrepreneurs, to bring them to the table,’ Kerry tells COP27 gathering in Sharm el-Sheikh.
CLP Power and Australian data centre operator AirTrunk have teamed up to provide renewable energy matching the electricity consumption of a facility used by technology giant Microsoft in Hong Kong.
The Chinese developer said its Hong Kong asset was sold by receivers, resulting in a potential loss of US$770 million versus the price it paid Henderson Land in 2019 and conversion premium in 2021.
Local coffee chains have been looking to source beans from producers using sustainable farming practices to reduce the environmental impact of one of the world’s favourite beverages and to mitigate the effects of climate change.
Summit will test whether the world can continue progress towards climate goals in spite of geopolitical tensions and deteriorating economic conditions, analysts say.
Gammon Construction is testing a technology that aims to reduce the carbon footprint of concrete to help the company meet sustainability targets.
Bourse operator Hong Kong Exchanges and Clearing (HKEX) has launched a trading platform for voluntary carbon credits as the city aims to bolster its role as an international carbon market.
Assessing climate risk and collecting supply chain emissions data will present challenges, but regulators will offer relief and help, an exchange official said on Thursday.
Equities are the preferred choice for taking risks in Hong Kong, but investors should diversify their portfolios to avoid making irrational decisions in times of market volatility, according to Morningstar.
Security token offerings (STOs) could ‘revolutionise’ the way developers raise capital to fund their projects, providing a shot in the arm for the property markets of Hong Kong and the Greater Bay Area, according to a report published on Tuesday.
The world needs US$100 trillion in investments to decarbonise and reach net zero carbon emissions by 2050, with China requiring nearly a quarter of the green investments, according to a report from BNY Mellon Investment Management and Fathom Consulting.
With home prices showing no signs of hitting bottom, analysts say the government has to implement stronger measures to revive market sentiment.
The long-term outlook for sustainable financing remains bullish despite offshore bond transactions falling this year amid rising interest rates and currency depreciation against the US dollar, bankers say.
Four out of 10 inheritors in Hong Kong wish they had adequately discussed their parents’ inheritance plans before they died to avoid family conflicts: UBS.
PICC and China Export & Credit Insurance Corp came in last, while Ping An ranked 22nd on a list of 30 companies assessed by global NGO coalition Insure Our Future.
While collecting and analysing firms’ ESG data has grown in importance, developments in fintech and green technology have led to greater sophistication in analysing such data.
The lack of consistent reporting standards and available data could hinder the adoption of sustainable investment strategies by asset owners, research providers and index compilers say.
Hong Kong needs to train thousands of professionals to help buildings decarbonise, according to Hong Kong Green Building Council chairman Cheung Hau-wai.
Markets will only provide finance to companies that have a robust and clear sustainability strategy, says HSBC executive, as banks outline plans to reduce financed emissions in their portfolios to net zero by 2050.
The home-grown marine technology start-up wants to commercialise and scale up its 3D-printed terracotta reef tiles to restore corals and save degraded marine ecosystems around the world.
The top three are experiencing slowing growth amid heightened competition in the market from new players such as Leapmotor and Hozon Auto’s Nezha brand.
The three sites in Kai Tak, Stanley and Kennedy Town will yield around 2,500 flats, but analysts expect developers to be conservative in their bids amid a slowdown in the housing market.
The SEC has charged Cheetah Mobile CEO Fu Sheng and former president and chief technology officer Xu Ming with insider trading.
At least four in 10 Hong Kong-listed companies do not meet new requirements coming from the International Sustainability Standards Board by year’s end, says accounting firm Grant Thornton.