GoImpact | Impact Made Easy! January 2024
GoImpact Capital Partners
IMPACT MADE EASY through Sustainability education, network and investment.
e-Seminar
Driving Impact: The Rise of Social Impact Investing (CPT-Bearing)
Social impact is increasingly prioritised as a key metric in impact investing. Hosted by Hong Kong Securities and Investment Institute and GoImpact, this e-seminar titled ‘Driving Impact: The Rise of Social Impact Investing’ provides an overview of the fundamentals and current trends of social impact investing, covering practical considerations such as opportunities, challenges, and the future outlook of these investments.
Register Now to hear (recorded session) the e-Seminar joined by industry leaders Genevieve Heng, CFA, CAIA, Co-Founder & Director at Anthem Asia, and Kristy W., Associate Director, ESG Investment Specialist at Amundi. Together with GoImpact Co-Founder, Clarence T'ao, they share perspectives on the latest trends and challenges in social impact investing.
HKSI x GoImpact: Launch of two new courses (CPT-Bearing)
GoImpact proudly announces the launch of two new CPT-bearing courses, 'Sustainability Basics: Then, Now, and Next' and 'Navigating the Carbon Markets', available on Hong Kong Securities and Investment Institute's LMS platform.
'Sustainability Basics: Then, Now, and Next':
A crash course on sustainability, this course provides an introduction to the concepts of planetary boundaries, green finance, sustainability principles, global risks, and more. You will also discover how sustainability affects organizations and industries, and how to assess and address the potential impacts of climate change, resource scarcity, biodiversity loss, and other global challenges.
'Navigating the Carbon Markets':
Learning about the carbon markets and pricing can be crucial in navigating the current regulatory landscape. Our “Navigating the Carbon Markets” course will give you a comprehensive understanding of carbon markets and pricing, from the basics to the latest trends. You will learn about the different types of carbon markets, such as compliance markets and voluntary markets, and how they work to reduce greenhouse gas emissions.
New Course!
Family Office Advisor: Philanthropy Advisory
It is estimated that a $30 trillion wealth transfer will happen over the course of the next few decades. As trillions of dollars trickle from baby boomers to Gen X, millennials, and Gen Z, how will the new custodians transform markets?
In this course, you will gain basic advisory skills and knowledge in philanthropy advisory, how to detect nuanced signs of a client's philanthropic tendencies to better support the clients, and learn about the effects of the wealth transfer.
Family office advisors, relationship managers, private banking professionals, and professionals interested in acquiring philanthropic advisory knowledge should attend this course in preparation for the greatest wealth transfer in history.
Commencement Date:
SkillsFuture Career Transition Programme (SCTP) -
Advanced Certificate in Driving Sustainability for the Future: The Future of Work through a Sustainable Lens - 7th Intake
Our certificate course offered under the SkillsFuture Career Transition Programme (SCTP) with SMU Academy is poised for its 7th Intake!
The emerging green sector is growing and growing fast. To take on jobs in this sector, professionals must be equipped with the relevant skills to pivot to green jobs. This certificate course, aiming to prepare mid-career professionals for this expanding sustainability sector, contains modules that cover a wide range of sustainability topics. These include corporate sustainability concepts and strategies, data analysis and documentation, writing sustainability reports, and many more lessons to give participants the confidence to enter and excel in this dynamic industry.
Intake 7 Commencement Date:
e-Seminar [CPT Bearing] -
Green Real Estate Financing
As we transition to a greener world, current and future infrastructures and buildings will have to adhere to increasingly stringent green standards. This eSeminar hosted by Hong Kong Securities and Investment Institute is a recorded session of the “Green Real Estate Financing in Hong Kong and Greater China” webinar on 19 July 2023. The eSeminar will equip you with the latest developments and opportunities in green real estate financing in the region. You will also learn about the practical considerations and challenges of implementing green policies and regulations in the real estate sector.?
This session is conducted by two industry experts Albert Tsang,? Head of Real Estate Financing at Standard Chartered for Greater China and North Asia and Sam Crispin, Head of Sustainability and ESG at Savills APAC. Don’t miss out on this opportunity to gain valuable insights from our expert panel on green real estate financing in the region.
What Happened at COP28?
At the recent COP28 conference, held from 30 Nov 2023 to 13 Dec 2023, leaders stressed the importance of phasing out fossil fuels to limit global heating to 1.5°C, a Paris Agreement target. Although progress has been made concerning adaptation and finance, such as the operalisation of the Loss and Damage Fund, the UN chief has emphasized that more is needed to deliver climate justice to vulnerable developing countries. Countries are also expected to have seriously boosted their actions and commitments towards national climate action plans by 2025.
That said, genuine strides forward were established in COP28, namely:
领英推荐
World Economic Forum Global Risk Report 2023
Click here for the Report
The World Economic Forum has released its '2023 Global Risk Report' on the severe risks we may face in the next decade. The top 5 risks of 2023 are:
Within the next 10 years however, environmental risks are predicted to be of a heightened prevalence, with failure to mitigate climate change, failure of climate change adaptation, and natural disasters and extreme weather events being the top three risks, respectively.
As these crises steadily erode economic, educational, and health-related gains, the report urges leaders and stakeholders to cooperate and take action to address these global challenges. By improving risk identification, rethinking our future risks, and strengthening global risk preparedness cooperation, a resilient and sustainable shared future can be achieved.
Interoperability of IFRS and GRI
The document on interoperability between GRI Standards and ISSB Standard for greenhouse gas (GHG) emissions reporting illustrates the areas of interoperability a company should consider when disclosing Scopes 1,2 and 3 GHG emissions under both Standards. The document identified aligned requirements in GRI 305 and ISFR S2 such as:
Additional disclosures required in GRI 305 and ISFR S2 can be aligned depending on the choices a company makes in applying these Standards. For example, GRI 305 requires a company to disclose the source of emission factors, while IFRS S2 requires the disclosure of information that would enable an understanding of which emission factors were used.
However, there are still some specific requirements for each Standard not explicitly required by the other. For example, IFRS S2 requires that a company disaggregates its Scope 1 and 2 GHG emissions between the accounting group and investees, a requirement not stated in GRI 305.
Capgemini Survey: Majority of Business Leaders Plan to Increase Sustainability Investments This Year
Over half of business leaders globally plan to increase investments in sustainability in 2024, up significantly from only a third who reported plans to do so last year. The survey found that sustainability was one of several areas anticipated to see increased investment in 2024, as business leaders feel increasingly confident about future growth, with 56% of respondents reporting optimism about the outlook for their organizations, compared to only 42% in the prior year’s survey.?
Overall, 52% of organisations reported that they anticipate increasing sustainability investments this year, up from only 33% last year. The survey also found that 63% of executives agree that the business case for sustainability is clear, up significantly from only 21% in 2022. The report highlights that nearly half (48%) of survey respondents said that they expect that climate change will cause the majority of operational disruptions over the next decade, and 61% reported that the lack of sustainable practices and processes will pose a long-term existential risk for their organisations.
EU Banking Regulator Releases Proposed Requirements for Banks to Manage ESG and Climate Transition Risks
The European Banking Authority (EBA) has launched a public consultation on draft guidelines for the management of Environmental, Social, and Governance (ESG) risks. The guidelines, developed in alignment with the roadmap on sustainable finance, set out requirements for banks to identify, measure, manage, and monitor ESG risks. Institutions would also be required to develop Capital Requirement Directive-based(CRD) transition plans that address transition risks.
Some of the requirements for banks under the proposed guidelines would include:
EU Fossil Fuel CO2 Emissions Hit 60-year Low
The European Union (EU) has achieved a milestone in its fight against climate change. In 2023, the EU’s carbon dioxide (CO2) emissions from fossil fuels decreased by 8% compared to the previous year, reaching their lowest level in 60 years. The Centre for Research on Energy and Clean Air (CREA) reports that more than half of the emissions drop came from the use of cleaner electricity.
The EU built record levels of solar panels and wind turbines in 2023, and was able to make more electricity from dams and nuclear power plants that had been struck by drought and repair work the year before. It also found that lower electricity demand, aided by good weather, contributed to 8% of the fall in fossil CO2 emissions.
However, there is still a long way to go to transition into a carbon-resilient world that we need to be in.
Diversity Matters Even More: The Case for Holistic Impact
A McKinsey report finds that companies with diverse leadership teams continue to be associated with higher financial returns. The business case for gender diversity on executive teams has more than doubled over the past decade. A strong business case for ethnic diversity is also consistent over time, with a 39% increased likelihood of outperformance for those in the top quartile of ethnic representation versus the bottom quartile.?
The report also finds that leadership diversity is convincingly associated with holistic growth ambitions, greater social impact, and more satisfied workforces. To facilitate change, key points from various diversity leaders were distilled into these 5 points:
Bridging the great divide between the 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 partners 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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