An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP
An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP
Johnson Kong
Opinion

Opinion

Macroscope by Johnson Kong and Serena Chow

Hong Kong banks must do more to reduce their impact on climate change, not just avoid risk

  • Building a resilient banking system is not the same as fostering environmental and social sustainability, despite overlaps in some areas
  • For Hong Kong’s sustainable banking to live up to its name, more consideration should be given to banks’ management of their environmental and social impact

Johnson KongSerena Chow
Johnson Kong and Serena Chow

Updated: 10:17pm, 19 Aug, 2020

Why you can trust SCMP
An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP
An aerial view of a deforested piece of land in the Amazon rainforest near Porto Velho in Rondonia, northern Brazil, on August 23, 2019. Unlike other jurisdictions, Hong Kong’s banks are not required to make public whether the projects or companies they finance are linked to environmentally damaging practices. Photo: AFP
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Johnson Kong

Johnson Kong

Johnson Kong is a researcher at Our Hong Kong Foundation.

Serena Chow

Serena Chow

Serena Chow is an assistant researcher at Our Hong Kong Foundation.