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YUEN LONG

Sustainable Transformation Theatre (Keynote)

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Wednesday 05 October 2022

09:15 – 09:40

Opening Ceremony

09:40 – 09:50

Keynote Address

10:00 – 10:50

From Ambition to Action: Hong Kong’s Race Towards a Net-Zero Future

Hong Kong has set a target to become carbon neutral by 2050. The push for net zero is driving businesses to create and deliver on ambitious pledges to reduce their carbon footprint. What commitments, partnerships and innovations are needed to help us get there? How can corporates leading the charge inspire, collaborate and share technical expertise to help the city win its race to zero?

Learnings

  • In face of escalating climate risks, how should business models evolve for lasting value creation that benefits shareholders, internal and external stakeholders and the wider society?
  • What are our biggest barriers? How can businesses turn transition risks to opportunities?
  • How are leading companies’ commitment to carbon-reduction targets contributing to the achievement of Hong Kong’s 2050 net-zero target?

Post-Event Actions

  • Gain insights on leading companies’ carbon reduction approaches, technical experience and cross-industry solutions.
  • Rethink actions that your company and industry should focus on over the next five to ten years to reduce your carbon footprint.
  • Understand why business leaders have a compelling and common interest to ensure the transformation of every aspect of their business to contribute to a net-zero economy by 2050.

11:00 – 12:00

The Full Picture: Addressing Scope 3 Emissions Through Engagement and Empowerment

As corporates progress on carbon-reduction initiatives, the supply chain has come into focus, with many organisations successfully mapping out and implementing strategies to reduce Scope 1 and 2 emissions. Yet, many still struggle with the challenges posed by Scope 3 emissions, which entail indirect emissions that occur in the value chain. Hear from leaders in this space on how they are addressing Scope 3 as a key opportunity for emissions and cost reduction as well as positive engagement with all stakeholders.

Learnings

  • Transportation, purchased goods and services and investments are among the many forms of a company’s Scope 3 emissions. How should businesses in Hong Kong identify their emissions hotspots?
  • What are some trends and challenges that leaders in this space are seeing? What are some tools and techniques that businesses can use to align Scope 3 emissions reductions with net-zero targets?
  • How are leadership companies defining and executing strategies with sound data analysis, and articulating holistic engagement plans with investors, clients, suppliers and teams?

Post-Event Actions

  • Gain insights on how leading companies are engaging and empowering investors, clients, suppliers and teams to assess and address Scope 3 emissions hotspots in their value chains.
  • Understand how you can equip your company with the insights and tools it needs to identify energy efficiency and cost reduction opportunities relevant to Scope 3 in its supply chain.
  • Scale up collaborations with value chain partners in setting ambitious Scope 3 targets aligned with climate science.

12:00 – 13:00

Preparing for the Next Threat: The Business Case for Investing in Climate Adaptation and Resilience

The devastating consequences of climate change for society, the environment and economy have become impossible to deny. While businesses must continue to advance efforts to limit global warming and reduce emissions at speed and scale, there is also a need to focus on adapting to climatic changes, to ensure that we thrive through this transformation and build resilience to a more unpredictable world. Although corporate ambition is on the rise, most companies are still in the early stages of their journey on climate adaptation and resilience.

Learnings

  • Why are so few companies in Hong Kong strategically addressing the risks posed by the changing climate to their business models and industry? Why aren’t investors and stakeholders challenging companies more on how they plan to adapt and build resilience? Can these barriers be overcome?
  • How can we scale up private sector involvement in building climate resilience?
  • Why businesses should not only see climate adaptation and resilience via corporate risk management, but also through the lens of new markets and economic opportunities

Post-Event Actions

  • Rethink the critical role that businesses can play in building climate-resilient operations and value chains, as well as leveraging their innovative capacity and reach to achieve the scale and pace required for systemic change.
  • Consider the motivations for business to invest in climate adaptation.
  • Understand that early movers will benefit most, and take action to identify knowledge gaps and engage stakeholders in directing resources and investment to strategies that protect people, profit, assets and supply chains.

Business for Biodiversity

In Partnership with

14:00 – 14:10

Opening Welcome

14:10 – 14:25

Biodiversity is Everyone’s Business: A Wake-Up Call from Nature

14:25 – 15:25

Getting It Right: Synergising Nature and Net-Zero Strategies

Businesses rely on nature for resources, ecosystem services and healthy societies for their own prosperity and continuity. As nature loss exacerbates due to climate change and human ecosystem destruction, businesses are starting to realise the material risks of nature loss for their long-term success – as well as opportunities for incorporating nature and biodiversity into business strategies to ensure long-term viability of business models, stable supply chains, access to new markets and services, and improved relationships with stakeholders.

Learnings

  • Nature and climate change are inextricably connected. At COP26, for the first time, nature was placed firmly on the climate agenda, and biodiversity loss recognised as among our top global risks. In the context of global recovery from the COVID-19 pandemic, there is a compelling case for businesses to address both crises simultaneously.
  • What are the opportunities and barriers for business to synergise commitments to nature and a net-zero pathway?
  • What are some tools and techniques that businesses can use to assess and minimise adverse impacts on ecosystems? How can businesses support biodiversity and conservation initiatives, and promote greater awareness among employees and stakeholders?

Post-Event Actions

  • Gain insights on the state of play by the private sector locally, regionally and globally.
  • Rethink how your company and industry can become an agent of change for nature.

15:45 – 16:35

Waves of Opportunity: Tapping into the Trillion $ Sustainable Ocean Economy

Our ocean provides ecosystem services that are vital for human wellbeing and the prosperity of the global economy. But these services are at risk. With the ocean under increasing pressure from climate change, overfishing, pollution, a loss of biodiversity and coastal ecosystems degradation, what are the risks – and opportunities – facing companies and investors? How can business best harness ocean resources and services for long-term economic development and social prosperity while ensuring the health of our marine ecosystems?

Learnings

  • Businesses which depend on ocean resources have a responsibility not only to limit their impact, but also to have a positive influence on the health of marine ecosystems.
  • It is in the best interest of business to invest in the sustainable development of the ocean economy – via innovation in technology as well as creating systems that accelerate the development and financing of new approaches.
  • What does “sustainable investment” look like in an ocean context? The goal is to ensure that ocean-related investment delivers long-term value without having a negative impact on marine ecosystems, on efforts to reduce carbon emissions, or on ocean-based businesses of all sizes and the livelihoods of people who depend on them.

Post-Event Actions

  • Find out how your company and industry can mobilise partnerships, capacity and technology into redirecting the way the economy works – in a way that harnesses ocean resources and services for long-term economic development and social prosperity while protecting the environment.
  • Rethink how you can support developing financial instruments, investments and projects that aim to restore, protect or maintain the diversity, productivity, resilience and overall health of marine ecosystems, as well as the livelihoods and communities dependent upon them.

16:35 – 17:25

Mobilising Private Investment and Innovation to Scale Up Nature-Based Solutions

We are not only in a climate crisis, but also a biodiversity crisis – and nature-based solutions can address both challenges simultaneously. The benefits and opportunities of nature-based solutions to address global challenges have never been more urgently needed and relevant. Investments and innovations in nature-based solutions will be key to accelerating the pace and scale required for climate action and nature preservation.

Learnings

  • What are nature-based solutions, and why do they matter in achieving climate and biodiversity impact?
  • According to the UN, investments in nature must triple by 2030 to help save ecosystems. However, the private sector currently provides only 14% of funding towards nature-based solutions. What are the barriers and knowledge gaps for unlocking private capital for nature-based solutions? What opportunities exist for businesses to pursue new sources of revenue and reap the benefits of increased resilience and purpose?
  • What innovations in nature-based solutions hold the most promise? What examples can we draw from locally and regionally?

Post-Event Actions

  • Gain insights on the state of play by the private sector locally, regionally and globally.
  • Rethink the role that your company and industry can play in accelerating the investment and innovation of nature-based solutions.

Thursday 06 October 2022

The Sustainability Imperative for Business

09:30 – 09:45

Opening Welcome

09:45 – 10:00

Opening Address: Net Positive

10:00 – 11:00

Where We Are, Where We’re Headed: The New Ambition Powering Hong Kong’s Conglomerates

Conglomerates face a unique and complex set of challenges: with large, diverse businesses spread across different industries and geographies, how can they take a leadership role on tackling environmental and social challenges while maintaining growth ambitions and shareholder value creation? Hear from Hong Kong’s leading companies on how they are addressing myriad ESG risks and driving systemic change to move from risk to opportunity – from risk to resilience.

Learnings

  • How are Hong Kong’s largest and most complex organisations working to identify, understand and manage ESG risks for multiple industries and geographies?
  • What are the key internal policies, mechanisms and oversight that are being implemented on key sustainable development issues?
  • How can leadership companies leverage innovation and collaboration to inspire ambition and drive solutions?

Post-Event Actions

  • Gain insight on how some of the world’s most complex organisations are engaging internal and external ecosystems to navigate sustainability across multiple industries and countries.
  • Understand the characteristics of strong governance and alignment of sustainability strategies with business models to help raise levels of ambition for sustainable development.
  • Explore how to turn risks into leadership opportunities to make meaningful impact at the scale needed to address today’s most pressing issues.

11:15 – 12:15

From Strength to Strength: Financing Our Transition to a Sustainable Future

As a mature international financial centre, and with proximity to mainland China and unique access to global investors, Hong Kong has what it takes to become a regional hub for green and sustainable finance. How are we maximising efforts to promote the city’s capital markets as well as financial and professional services for green and sustainable investment, and capitalising on the enormous opportunities presented alongside the development of the Greater Bay Area?

Learnings

  • How can Hong Kong best capitalize on its unique strengths and involve all players of the private sector in developing green and sustainable finance to boost investments conducive to reducing carbon emissions?
  • How can Hong Kong enhance synergies with Greater Bay Area cities to play a strategic role as China’s gateway and mobiliser of green investments to facilitate national carbon neutrality goals?
  • Already, assessments are being made with local financial regulators and Chinese authorities on the feasibility and support needed for developing the city’s carbon trading capabilities for the Greater Bay Area and Asia as a whole. What are the opportunities and barriers for the city to develop as a regional carbon trading hub?

Post-Event Actions

  • Gain insights on opportunities, barriers and the next steps for the city to advance its green and sustainable finance ambitions towards a low-carbon future.
  • Rethink Hong Kong’s unique role to become a carbon trading hub catering to global sustainability and its own and China’s carbon neutrality push.

12:15 – 13:15

Benchmarking Sustainability Reporting: Transparency, Comparability and Accountability

Integration of sustainability in business models has become an imperative for organisations striving to create lasting value for stakeholders, the community and the environment. While ESG criteria have in recent years risen to the top of corporate agendas, navigating the disclosure and reporting landscape remain a challenging and complex task for many, due in part to the proliferation of standards and the need for a coherent and comprehensive disclosure framework to ensure flexibility and drive sustainable value.

Learnings

  • How can companies in Hong Kong clear up the vocabulary, and make use of data and technology to help them steer and anticipate the dynamics of reporting, cross-functional workflow and process management to create an ESG culture that continually advances corporate goals?
  • How can companies streamline efforts while meeting stakeholder demands? What are some common pitfalls to look out for, in terms of disclosure, green-washing and dispute risks?
  • At COP26 the International Financial Reporting Standards (IFRS) Foundation announced the creation of the International Sustainability Standards Board (ISSB), with the aim of providing a comprehensive global baseline of high-quality sustainability disclosure standards focused on enterprise value. A year on, what has been done and what is yet to come? How does Hong Kong come into play?

Post-Event Actions

  • Gain technical insights on how leading companies are navigating different ESG standards, frameworks, ratings and rankings to meet sustainability reporting and disclosure obligations, as well as helping cross-functional teams drive and sustain ESG performance.
  • Rethink how your company can best take stock of internal and external considerations towards ESG reporting, and understand the standards and frameworks that are a good fit for your business and stakeholder expectations.
  • Seek further understanding of how the ISSB’s standards will drive globally consistent, comparable and reliable sustainability reporting, and pertinent implications for your company.

Hong Kong and Beyond

In Partnership with

14:00 – 14:15

Opening Welcome: Resetting Our Planet’s Trajectory Together

14:15 – 15:05

All Hands on Deck: How Business Leadership and Policy Makers Can Leverage Technology to Build a Sustainable Future

It is now conventional wisdom that technology will play a critical role in tackling global environmental issues. But have we become too fixated on digital technology or the next “cutting-edge” technology as the panacea for all our challenges while failing to invest in those that will solve critical problems? As the market size and investments into green technologies continue to grow, how can governments and businesses prioritise technological innovations that build long-term societal resilience and a sustainable future? What is required to enable adoption of sustainable solutions?

Learnings

  • Have we become too fixated on digital technology, and do we tacitly assume that cutting edge technologies will be a panacea for all our challenges while failing to invest in those that actually solve critical problems? What are examples of environmental technologies that have resulted in the sustainable and wide-reaching impact? What lessons can we learn?
  • What are the biggest barriers in Hong Kong and beyond, when it comes to development and adoption of sustainable technologies? What are the policies, economic incentives, infrastructure development, and other supporting factors required to enable large scale adoption of sustainable technologies?
  • Hong Kong’s Innovation and Technology Fund has invested significantly in environmental-technology-related R&D projects. What fields of environmental technology is Hong Kong competitive in? Can we transform Hong Kong into a hub for sustainable technology innovation?

Post-Event Actions

  • Learn from examples of the successful adoption/application of green technology for sustainable impact.
  • Rethink how your company and industry may utilise technology specifically for the purpose of sustainable development.
  • Consider policy improvements and public-private partnership opportunities that will pave the way for the adoption of innovations that contribute to a amore sustainable future.

15:20 – 16:10

A Just Transition: Prioritising Basic Needs and Creating Business Opportunities of the Future

The basic needs of a significant proportion of the world’s population remain unmet (i.e., access to clean water and sanitation, nutrition, electricity, adequate housing, healthcare, education). In Hong Kong , almost 15% of the population are unable to afford basic necessities. In discussing what a sustainable future will look like, beyond the focus on environmental sustainability, it is equally important to  meet these basic needs to ensure societal resilience and social sustainability. Moving forward, how should governments and businesses  develop policies and business models to meet such needs while capturing business opportunities in the face of growing environmental and societal challenges?

Learnings

  • What are some notable efforts countries in Asia or beyond are making to ensure basic needs for their populations are met? What are the successes and challenges faced, and what lessons can be learned from their experiences?
  • How can businesses contribute to improving the lives of communities they operate in / people they affect?
  • How can businesses develop successful business models that balance capturing opportunities with building societal resilience / meeting basic needs, especially in the context of the growing environmental challenges we face?

Post-Event Actions

  • Learn from successes and challenges faced by various countries in their efforts to meet their populations’ basic needs, alleviate poverty, etc.
  • Rethink how your company and industry may address and contribute to alleviating these fundamental concerns.
  • Consider future business opportunities and new business models that will contribute to social sustainability.

16:10 – 17:15

Bridging the Gaps: Hong Kong’s Role in Advancing the Sustainability Dialogue Between China, ASEAN and Beyond

Hong Kong has long been considered the connector between China and the rest of the world. This role will continue to be of critical importance in areas of sustainability-related policy and technological innovation, as developing countries in ASEAN and beyond embark on their sustainable development journeys and seek to learn from the successes and failures of their neighbouring economies such as China. How can Hong Kong best leverage its role as a bridge and an outbound and inbound connector to China to facilitate greater dialogue and learning? What new opportunities will this present to Hong Kong?

Learnings

  • How can Hong Kong leverage its role to facilitate dialogue and cooperation between China and ASEAN region and other developing countries?
  • What business opportunities will Hong Kong realise in its role as a connector?
  • China’s 14th Five-Year Plan underscores a commitment to the “dual circulation” concept for economic development, driven by reform and innovation, led by quality supply and creating new demands, with the domestic market as the mainstay, while enabling domestic and foreign markets to interact positively with each other. How can Hong Kong fulfil its responsibility to proactively become a “participant” in domestic circulation and a “facilitator” of international circulation in the “dual circulation” development strategy?
  • With the arrival of the Common Ground Taxonomy (an in-depth comparison exercise that puts forward areas of commonality and differences between the EU and China’s green taxonomies), what other opportunities and challenges do you foresee in Hong Kong’s push for different frameworks of collaboration and sustainability dialogue between China, ASEAN and beyond?

Post-Event Actions

  • Consider Hong Kong’s role and the business opportunities for the city in advancing sustainability dialogue and cooperation on the international stage.
  • Rethink and reimagine current modes of collaboration to establish new frameworks of cooperation in various industries.
  • Gain deeper understanding of China’s development experience and identify opportunities to apply such learnings in Hong Kong and beyond.

All sessions are subject to change.