GoImpact | February 2024
GoImpact Capital Partners
IMPACT MADE EASY | From AMBITION to ACTION: through Sustainability Learning and Advocacy
Participation in Green Week
In support of Hong Kong Green Week, Helene spoke at 2 interesting and inspiring panels, sharing her insights alongside industry leaders.?
We, GoImpact, are proud to announce that our roundtable was a success. Joined by industry leaders from Green, Fin, and Tech, we had a fruitful dialogue on the development of Green FinTech and its adoption by SMEs. This aligns with our commitment to support Hong Kong Green Week and promote sustainable practices in the SMEs sector.
HKSI - New CPT-bearing Course: Overview of Sustainable Finance
GoImpact proudly announces the launch of a new CPT-bearing course, 'Overview of Sustainable Finance’, available on Hong Kong Securities and Investment Institute 's LMS platform. This module covers the basics of sustainable finance, including key drivers of sustainable finance, closing the funding gap, green products, regulations, and greenwashing. The module also includes case studies to better facilitate understanding of the topics covered.?
Sustainable finance plays a vital role in promoting the transition to a carbon-neutral and sustainable world, so sign up now to get started on your journey.
HKSAR Government’s Digital Green Bonds Offering
The HKSAR Government has successfully issued around HK$6 billion worth of digital green bonds under the Government Green Bond Programme. The two-year bonds attracted a wide range of institutional investors globally and were denominated in HKD, RMB, USD, and EUR. This is the second digital bond issuance following the government's inaugural tokenized green bond in 2023. The issuance achieved breakthroughs in broadening investor participation and streamlining the issuance process.?
The HKMA has also collaborated with the Bank for International Settlements Innovation Hub to concept-test the tokenized green bonds, emphasising the government's support for bond issuance and green transformation.
JPMorgan AM Exits Climate Action 100+
JPMorgan Asset Management (JPMAM) has decided to withdraw from Climate Action 100+, an investor network focused on engaging with companies to reduce greenhouse gas emissions and promote climate transition. The firm cited the development of its internal engagement capabilities as the reason behind the decision, stating that it can now act on its own. Climate Action 100+ targets the world's largest corporate greenhouse gas emitters and has grown to include over 700 investors representing more than $68 trillion in assets. JPMAM has listed climate change as one of its main investment stewardship priorities and was involved in numerous climate-focused engagements in 2022.
IBM Adds Supply Chain Emissions Data Capabilities to ESG Platform
IBM has announced the launch of a new Supply Chain Intelligence module in its ESG platform, IBM Envizi ESG Suite. Scope 3 emissions, originating from upstream and downstream value chains, are often the most challenging to track and report. As such, the module enhances companies’ ability to collect and analyse supply chain emissions data for Scope 3 calculation and reporting. Simultaneously, it allows users to capture and aggregate supplier and product-level data, improving data quality for reporting and identifying emissions reduction opportunities. As regulatory disclosures and standards become increasingly stringent, the new module aims to help companies meet increasing regulatory pressure and sustainability reporting standards.
领英推荐
Singapore to Require Sustainability Aviation Fuel Use on All Departing Flights from 2026
Singapore's Ministry of Transport has unveiled the Singapore Sustainable Air Hub Blueprint, which includes a mandate for all departing flights to use sustainable aviation fuel (SAF) starting in 2026. The requirement will begin at 1% and is expected to increase in subsequent years. The blueprint aims to decarbonize Singapore's aviation sector and achieve net-zero domestic and international aviation emissions by 2050. SAF, produced from sustainable resources, is seen as a key tool to reduce emissions in the industry. The blueprint also outlines initiatives to build an SAF ecosystem, such as introducing an SAF levy and investing in fleet renewal and operational improvements.
Singapore to Introduce Mandatory Climate Reporting Beginning 2025
Singapore will introduce mandatory climate reporting for listed and large non-listed companies starting in 2025. The reporting requirements will be phased in, with a focus on emissions disclosure. The government aims to enhance companies' sustainability capabilities and facilitate access to new markets and financing. The government is also considering extending the reporting obligations to smaller companies. The Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo) will oversee the implementation of the new reporting requirements.
February on course to break an unprecedented number of heat records
According to meteorologists, February is on track to break an unprecedented number of heat records driven by human-induced global heating and the El Ni?o climate pattern. The rise in temperatures has been particularly pronounced in sea-surface temperatures, as it reaches unprecedented levels leaving experts struggling to explain the rapid acceleration of these changes. The extreme temperatures observed in various countries and the erratic behaviour of climate have rewritten climatic history, with 140 countries breaking monthly heat records.
The risks that accompany us stepping into uncharted climate territory will increase every year, and the sooner we take action, the easier it will be to mitigate the risks, challenges, and potential damage.
KPMG Survey - Nearly Half of Companies Still Using Spreadsheets to Manage ESG Data
According to a survey conducted by KPMG, nearly half of companies are still using spreadsheets to manage their environmental, social, and governance (ESG) data. Despite the increasing importance of ESG reporting and sustainability, many organisations have not transitioned to dedicated ESG software or data management solutions. The survey also revealed a disconnect between companies' perceived ESG reporting capabilities and their actual preparedness, with spreadsheets being the most commonly used system for ESG data management. However, companies are planning to invest in improving their ESG reporting capabilities, including the use of artificial intelligence and machine learning for data analysis and consolidation.
Study: Climate change is costing the world $16 million per hour
According to a report by the World Economic Forum, the global cost of climate change damage is estimated to be $16 million per hour. As the impacts of climate change worsen, the economic toll is increasing rapidly. The report highlights the urgent need for action to mitigate and adapt to climate change to minimize these escalating costs. The sectors most affected by climate change-related damage include agriculture, infrastructure, and health, with vulnerable communities bearing the brunt of the consequences. The findings underscore the importance of addressing climate change as a global priority to limit future economic losses.
Bridging the great divide between talk and action, accelerating the Sustainable Development agenda and moving from intention to implementation. GoImpact means Sustainable Impact made easy and actionable. We are an ecosystem developed to connect the dots and provide action enablers built around 3 key pillars:
Through our partner's network with online-to-offline initiatives, we provide learning opportunities to drive real change by example for everyone keen to understand more about the Sustainable Finance agenda.
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