The Asia-Pacific region has the highest climate-smart investment potential in the world. 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. This webinar facilitated a discussion with former CEO of HSBC, Chief Executive of HKMA, and other executive directors, which demonstrated that the transformation into green banks can create effective market-based solutions and address a range of impacts that emerge from climate change while at the same time allow banks to identify and secure new business opportunities.
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 US$23 trillion investment opportunity, but banks and other financial institutions can contribute by more than just investing at their disposal to stimulate climate finance. In this virtual event, speakers from Hong Kong Monetary Authority (HKMA) and IFC helped us envision and come to terms with the urgent need for financing climate action.
