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  • The transition to net zero carbon emissions is the challenge of our generation. This challenge is especially evident in Standard Chartered’ s footprint markets across Asia, Africa and the Middle East, which are most vulnerable to climate change and need the most funding to ensure continuing economic development. Bill Winters, Group Chief Executive of Standard Chartered, shared how fighting climate change and the broader need for sustainable development is changing banking, and the role of banks in the net zero transition journey.

  • Following the Alliance’s roundtable on green building ‘‘ CEO Talk: BUILDING a Green Future’’ on July 14, the second green building roundtable invited leaders and experts in green building, green finance and policy-making to share their insights on the development in green building in Hong Kong and Asia.

  • Counting for over 40% of the global carbon emission, the building sector has a critical role to play in reducing the environmental impact. During the discussion, speakers unveiled the strategies and initiatives of their companies in greening the real estate sector, as well as opportunities in green building and related financing in Hong Kong, China and Asia.

  • Globally, buildings account for 19 percent of the world’s GHG emissions. In Asia, the investment potential in new green developments and retrofitting existing buildings is in the region of $16 trillion. If the right investment choices are not made today, we will be looking into high-carbon urban infrastructure for the next 40 to 70 years.

  • There is no green future without green finance. To seize its enormous potential and limit global warming, it is more important now than ever for banks to build their capacity to green their operations and adequately assess, manage and disclose ESG risks. The Alliance for Commercial Banks will help members share knowledge and forge partnerships that will spearhead climate-smart initiatives and enable the transition to a low-carbon global economy.

  • To stand a chance of combatting climate change we need to urgently accelerate the transformation of green banks and financial institutions. Climate investments represent a $23 trillion investment opportunity, but banks and other financial institutions can contribute by more than just investing at their disposal to stimulate climate finance.