GoImpact | Impact Made Easy! September 2023
GoImpact Capital Partners
IMPACT MADE EASY through Sustainability education, network and investment.
Learn about ESG with GoImpact from A to Z!
O for offset
Another exclusive sneak peek for our subscribers!
Offset is very often being taken as the silver bullet in sustainability, but what does it really mean?
Learn ESG with GoImpact in this exclusive Micro Learning Series, 'A-Z of ESG', brought to you by our Co-Founder & CEO, Helene Li , our COO, Hsu-sheng Wong , and Curtis S. Chin , Chairman of Milken Institute Asia and former U.S. Ambassador to the Asian Development Bank (ADB).
Stay tuned for more!
Webinar
【Upcoming】Driving Impact: The Rise of Social Impact Investing (CPT-Bearing)
The “S” in ESG investing is gaining more attention among family office investors, with social impact investing being seen as an effective way to drive “Impact” while pursuing financial returns. What exactly is Social Impact Investing and why is it important?
Join us in this webinar jointly hosted by GoImpact and Hong Kong Securities and Investment Institute on 11 Oct, 12:30 - 2:00 PM, where two top industry players, Genevieve Heng, CFA, CAIA, Co-Founder & Director at Anthem Asia, and Kristy W., Associate Director, ESG Investment Specialist at Amundi, will share their insight on the latest trends, challenges, pitfalls and future developments in social impact investing in Asia.
The session will be moderated by our Co-Founder, Clarence T'ao .
【Play-back】FTAHK x GoImpact Hong Kong Green Fintech Leadership Series 2023: Tech, Fin, Green and all that in between...
Regulatory &?Reporting Trends - Tailwind behind Green Finance
In collaboration with the?FinTech Association of Hong Kong , we at GoImpact proudly present a 3-episode strong hybrid series in which we tackle some of the industry’s most relevant topics of today with experts who are at the forefront of the green tech?movement.
Our kick-off LinkedIn Live discussion on "Regulatory &?Reporting Trends - Tailwind behind Green Finance" was held yesterday, where our COO, Hsu-sheng Wong , discussed recent regulatory developments and practical tips for navigating the evolving green finance landscape with Alice Suen, Head of Sustainable Finance, Commercial Banking at HSBC and Mark Blick, CEO at Diginex in the panel moderated by Brian Tang, Board of FTAHK and Founding Executive Director at LITE Lab HKU.
Stay tuned for the next episode of our series with FTAHK in October!
GoImpact's Latest Courses with Partners
CUHK Business School - Certificate of Sustainable Finance for Professionals
Sustainability and ESG have gained great traction in recent years, with many businesses having already begun to integrate sustainability within their organisational structure and business strategies. It is without a doubt that green financing plays a key role in driving sustainability for the environment, as well as in any corporation. Similarly, transition financing is crucial in the transformation to a greener environment. More efforts are needed to narrow the funding gap and it is imperative that industry professionals are aware of this limitation.
The Certificate of Sustainable Finance for Professionals jointly hosted by GoImpact and CUHK Business School , The Chinese University of Hong Kong covers a range of topics that provide participants with the fundamental knowledge of sustainable finance. Participants will also attain an understanding of the environmental and climate policies and trends in China, how they relate and impact on the business operations of any company operating in Hong Kong and the Greater Bay Area.
Programme Date & Time:
Venue:
CUHK Business School Town Centre, Admiralty, Hong Kong
IPI - Sustainability Basics & Carbon Markets 2-in-1 Bundle
Exclusive benefit for our subscribers now available on IPI x Henley Business School Online ! Benefit from a 20% Discount for this 2-in-1 Bundle of Sustainability Basics: Then, Now & Next and Navigating the Carbon Markets in one package now!
The two modules provide a comprehensive understanding of the importance of sustainability, trends and implications across industry sectors, global risks and opportunities and allows the participants to understand the importance of carbon markets and pricing as a business professional, and develop a foundational understanding of both compliance and voluntary carbon markets and their significance across industries
By the end of this module, participants will be able to integrate the knowledge and skills acquired to develop a strategic approach to sustainability and carbon markets for their organizations and stakeholders.
SkillsFuture Career Transition Programme (SCTP) -
Advanced Certificate in Driving Sustainability for the Future: The Future of Work through a Sustainable Lens - 6th Intake
Our certificate course offered under the SkillsFuture Career Transition Programme (SCTP) with SMU Academy to help mid-career individuals develop emerging and industry-relevant skills to increase employability and pivot to job roles in the green sector is coming to the 6th Intake in Jan 2024.
The emerging green sector is poised for growth in years to come and is increasingly being regarded as a sector with job opportunities in many areas. To take on jobs in this sector, it is important that its working people be equipped with the relevant skills. This certificate aims to prepare participants for this expanding sustainability sector, containing modules that will teach them all the knowledge and expertise required. 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 6 Commencement Date:
e-Seminar (CPT Bearing) -
Climate Risk Management for Financial Institutions
Climate Change?is no longer only a hypothetical threat. It has materialised in countless geographies around the world with ever increasing extreme events. How can we manage the?risks?and what risks are we talking about precisely?
This eSeminar hosted by?Hong Kong Securities and Investment Institute ?is a recorded session of the ‘Climate Risk Management for Financial Institutions’ webinar held on 11 January 2023. In this eSeminar, you will learn about the? climate risk?that?financial institutions?are currently facing, and the current trends in climate risk management. You will also gain an understanding of the tools and frameworks, as well as the current efforts in evaluating and managing these risks.
HKMA Releases Guidelines Guidelines for Banks on Planning for the Transition to a Net Zero Economy
The Hong Kong Monetary Authority (HKMA) has released new principles for banks on planning for the transition to a net zero economy. These principles are designed to help banks maintain safety and soundness in the transition. Some of the key principles include setting clear targets and objectives, integrating transition considerations into internal processes, and engaging with clients on their own transition pathways. The HKMA's guidelines also emphasize the importance of banks aligning their objectives with the Paris Agreement.
New Bloomberg and Adox Research Survey: ESG Data Acquisition & Management Survey 2023
Bloomberg and Adox Reserch recently released the results of a survey on ESG data acquisition and management. The survey found that most firms are increasing their ESG data spend, with the top priority product areas being company-reported data and indices. Data quality and breadth of coverage are the most important criteria for selecting an ESG data provider. The biggest data management challenges are handling evolving data content, managing vendor data feeds, and aligning ESG content to existing entity data.
New TPI Centre Report: Banks and the Net Zero Transition
According to a new report by the Transition Pathway Initiative, less than 5% of banks have set net zero commitments across all financing categories. However, the report also found that banks are increasingly setting emissions reduction targets and embedding climate-related matters into decision-making.
The report suggests that banks are moving in the right direction on climate change overall, but there is still room for improvement. Banks need to accelerate their progress in order to meet the goals of the Paris Agreement.
European Central Bank (ECB) Releases New Climate Stress Test Results
The transition to a net-zero economy is essential to mitigate financial risks.
领英推荐
According to the ECB's climate stress test, banks' credit risk could double by 2030 under a delayed transition. This is because climate change poses a number of financial risks, including:
The ECB's study also found that acting early to transition to a net-zero economy would minimize financial risks. This is because it would allow for a more orderly transition and reduce the need for costly and disruptive adjustments down the road.
G20 Pledges to Target Tripling of Global Renewable Energy Capacity by 2030
At the recent G20 summit, leaders agreed to pursue a tripling of global renewable energy capacity by 2030. This is a significant step forward, as it would help to reduce greenhouse gas emissions and mitigate climate change. However, some experts argue that the G20 could have gone further by setting more ambitious goals, such as a net-zero emissions target by 2050.
Despite these concerns, the G20's commitment to renewable energy is a positive sign. It shows that world leaders are increasingly aware of the need to transition to a clean energy economy. The G20's agreement to triple global renewable energy capacity by 2030 is a significant step forward, but more needs to be done to address climate change. World leaders must work together to set more ambitious goals and develop concrete plans to achieve them.
EU Parliament Voted to Boost the Deployment of Renewable Energy
This is a significant step forward in the EU's efforts to transition to a clean energy economy and combat climate change. The new target would require the EU to increase its renewable energy capacity from around 22% today to 42.5% in 2030.
The Parliament also voted to speed up the approval process for new renewable energy projects and to increase the deployment of renewables in the transport sector. These measures will help the EU to achieve its ambitious renewable energy targets and reduce its reliance on fossil fuels.
Science Based Targets Initiative Announces Major Transformation to Boost Credibility
The SBTi is a global partnership that helps companies set ambitious science-based climate targets in line with the Paris Agreement. The upgraded processes are designed to ensure that companies' targets are aligned with the latest climate science and that they are ambitious enough to contribute to limiting global warming to 1.5 degrees Celsius above pre-industrial levels.
The separation of the SBTi's target validation and standard-setting units is a key part of the upgrade. This will help to ensure that the validation process is independent and objective.
The SBTi's upgraded processes will help to ensure that companies' climate targets are credible and ambitious, and that they are aligned with the latest climate science. This will help to accelerate the transition to a low-carbon economy and to mitigate the risks of climate change.
EU Commission Launches Consultation on Implementation of the Sustainable Finance Disclosures Regulation (SFDR)
The European Commission is considering requiring sustainability-related disclosures for all financial products. This is part of the EU's efforts to increase transparency and accountability in the financial sector and to support the transition to a sustainable economy.
Currently, the EU's Sustainable Finance Disclosure Regulation (SFDR) requires financial market participants to disclose sustainability information on financial products that promote or invest in sustainable investments. However, the Commission is considering extending this requirement to all financial products, regardless of whether they make sustainability claims.
This would help to ensure that investors have access to the information they need to make informed investment decisions and to support sustainable investments.
The deadline for participating in both consultations is 15?December?2023.
California Governor Commits to Sign Landmark Climate Disclosure Bills
California Governor Gavin Newsom has committed to sign two climate disclosure bills into law. The bills, SB 253 and SB 261, would require large companies doing business in California to disclose their greenhouse gas emissions and climate-related financial risks.
SB 253 would require companies with more than $1 billion in annual revenue to disclose their Scope 1, 2, and 3 emissions. SB 261 would require companies with more than $500 million in annual revenue to disclose their climate-related financial risks. The bills are expected to go into effect in 2026.
California is the first state in the United States to pass such comprehensive climate disclosure legislation. The bills are seen as a major step forward in the fight against climate change, as they will provide investors and the public with the information they need to make informed decisions about the companies they invest in and do business with.
New KPMG U.S. Survey: ESG and Financial Value Survey 2023
KPMG's 2023 ESG Financial Value Survey found that only 1 in 4 companies are very confident in their ability to meet ESG reporting requirements, despite the increasing focus on ESG by investors and regulators.
The survey also found that 90% of companies believe that ESG is important to their financial performance. However, many companies are struggling to develop and implement ESG strategies and to measure and report on their ESG performance.
The survey highlights the need for companies to invest in ESG reporting and to develop a comprehensive ESG strategy. ESG reporting is essential for attracting and retaining investors and customers, as well as for complying with regulatory requirements.
Companies need to invest in ESG reporting and develop a comprehensive ESG strategy to attract and retain investors and customers, comply with regulatory requirements, and improve their financial performance.
U.S. Treasury Releases Principles for Net Zero Financing & Investment
The U.S. Treasury Department has released principles for net-zero commitments by financial institutions. The principles are designed to help financial institutions make and achieve credible net-zero commitments, and to support the transition to a net-zero economy.
The principles cover a range of topics, including:
The Treasury Department is encouraging financial institutions to adopt and implement the principles. By doing so, financial institutions can play a leading role in the transition to a net-zero economy.
TNFD Releases Recommendations for Nature-Related Disclosures
The Taskforce on Nature-related Financial Disclosures (TNFD) has released its final recommendations for corporate reporting on nature-related risks and opportunities.
The TNFD framework provides a comprehensive approach to assessing and reporting on nature-related risks and opportunities, taking into account the interconnectedness of nature, the economy, and society.
The framework is designed to help companies identify and manage the risks and opportunities associated with their reliance on and impact on nature. It also aims to provide investors and other stakeholders with the information they need to make informed decisions.
The TNFD framework is a significant step forward in the effort to integrate nature into financial decision-making. It is expected to have a major impact on corporate reporting and on the way that investors and other stakeholders assess and manage nature-related risks and opportunities.
EU to ban greenwashing and improve consumer information on product durability
The European Parliament has reached a provisional agreement on new rules to ban greenwashing and improve consumer information on product durability. The new rules will ban:
The new rules, expected to come into effect in 2026, will also make it mandatory to provide information on product durability, such as the expected lifespan of the product and the availability of repair parts.
The new rules are designed to protect consumers from misleading claims and to help them make more informed purchasing decisions. They will also help to reduce waste and promote a more sustainable economy.
SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund Names
The US Securities and Exchange Commission (SEC) has adopted a new rule requiring funds with names that suggest an environmental, social, and governance (ESG) focus to invest at least 80% of their assets in accordance with those factors. The rule is designed to prevent greenwashing and ensure that investors are getting what they expect when they invest in ESG funds.
The new rule is a significant step forward in the SEC's efforts to regulate the ESG market. It will help ensure that investors have access to accurate and reliable information about ESG funds, and that they are not misled by misleading claims.
The rule is expected to take effect in December 2023. Fund managers will have one year to comply with the new requirements.
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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