Decarbonisation
Overview
Hong Kong has set a target to become carbon neutral by 2050, but can it deliver? What’s our best path forward? Are there obstacles in the way? Can we turn transition risks into opportunities? See what the city’s top listco’s are doing to fast track decarbonisation.
Learnings
- How are corporates addressing climate risks that are already baked-in? How do corporates go about setting carbon targets?
- Challenges faced e.g. lack of policy support and financing, available tech for capture and offsets, consumer pushback, fast-evolving climate science and uncertainty
- Changing power mix, increasing building efficiency, and rethinking mobility & waste have the highest emission reduction potential for Hong Kong
- Key opportunities to further fast track decarbonisation and bring forward carbon neutrality to 2050
Post Event Actions
- Assess your organization’s GHG emissions and try to improve your organization’s energy efficiency and mobility footprint
- Understand that carbon neutrality or net zero is not achievable without carbon offsets globally, and requires the development of carbon trading markets and innovation in carbon capture tech. Hong Kong as a finance hub can help drive this.
- Realise that regardless of whether we achieve carbon neutrality or net zero, we will have to up adaptation for baked-in impacts
Speakers
MODERATOR
Debra Tan
Director & Head
China Water Risk
Debra Tan
Director & Head
China Water Risk
Tan heads CWR, a non-profit that aims to “mainstream” water and climate risks into financial decision-making and corporate strategies. She built CWR from an idea into a leader in the global water risk conversation, be it waternomics or valuation methodologies. Tan spends her spare time exploring Himalayan glaciers in Asia.
My Sustainability Goals for 2021:
Ensuring water for all in a changing climate.
Lawson Lau
Executive Director
Cornerstone Technologies Holdings Limited
Lawson Lau
Executive Director
Cornerstone Technologies Holdings Limited
Mr. Lawson Lau is the Executive Director of Cornerstone Technologies Holdings Limited. Prior to founding Cornerstone Technologies, Lawson spent over 19 years in the construction industry, primarily on product management and business development.
Lawson runs all facets of the business and oversees Cornerstone Technologies’ innovation efforts in EV (Electric Vehicle) charging, sustainable energy and IT solutions starting from 2016.
Jim Taylor
Senior Director – Planning & Development
CLP Power Hong Kong Limited
Jim Taylor
Senior Director – Planning & Development
CLP Power Hong Kong Limited
Jim is Senior Director – Planning & Development at CLP Power Hong Kong, where he is responsible for supporting the company’s future long-term strategic development and regulatory regime. He has extensive senior management experience of electricity, gas and environmental issues with leading companies in both regulated and deregulated energy markets in the UK and Australia.
My Sustainability Goals for 2022:
We aim to use our experience and expertise to work with the government and other key stakeholders to support Hong Kong’s long-term decarbonisation strategy set out in the Climate Action Plan 2050 and help the city reach carbon neutrality before 2050.
Dr Mark Watson
Group Head of Sustainability
John Swire & Sons (H.K.) Ltd.
Dr Mark Watson
Group Head of Sustainability
John Swire & Sons (H.K.) Ltd.
As Group Head of Sustainability at John Swire & Sons (HK) Ltd, Mark is responsible for setting overall Group strategy on sustainability issues, covering material environmental risks such as climate change, water, energy and waste, social issues as well as overseeing external ESG investor ratings and performance, and green finance initiatives.
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