Climate Governance in Practice: Decisions Shaping Climate Outcomes

Spencer Liu is Executive Director of the Climate Governance Initiative Hong Kong Chapter (CGI HK), a non-profit initiative dedicated to empowering board directors to exercise effective climate governance. In this role, Spencer works with business leaders and governance professionals to strengthen boardroom capabilities and embed climate oversight across Hong Kong’s corporate landscape, influencing through practical guidance, cross-sector engagement, and original research to support decision-making in the climate transition.

Beyond CGI HK, Spencer has founded Riverwood Climate Solutions, where he advises corporations and startups across Asia on climate technologies, with a focus on strategy and venture building in sustainable transportation and circular economy.

Earlier in his career, Spencer spent eight years at McKinsey & Company, where he co-led sustainability and green business building in Greater China as an Associate Partner. He is a CFA charterholder, CESGA holder, and LEED Green Associate.

My Sustainability Goals for 2026:

Deepen tradeoff discussions in sustainability-embedded business decisions in the board room

Aya Batyrbekova is Head of Sustainability Advisory Services for EMEA & APAC at ISS-Corporate, where she leads advisory engagements that help corporate issuers integrate sustainability into strategy, governance, reporting, and stakeholder engagement.

With nearly two decades of experience, she works with companies across sectors to navigate evolving investor expectations and sustainability disclosure requirements, providing practical, business-focused guidance that supports long-term value creation.

Prior to joining ISS-Corporate in 2015, Aya held a variety of roles at ISS STOXX and MCSI spanning sustainability, governance, compensation advisory, and research services. Earlier in her career, she worked in business development consulting and international development, including with the United Nations Development Programme (UNDP).

Aya holds a Master of Science in Multinational Commerce and Finance from Boston University and the CFA Institute Sustainable Investing Certificate.

Often described as an icon in Hong Kong’s legal sector, Teresa Ko completed a 37-year career with Freshfields ( 32 years as partner) , China Chairman, and founder of its Asia equity capital markets practice. Advised on numerous landmark IPOs and M&A transactions, she was the first woman to chair the Hong Kong Stock Exchange’s Listing Committee, and held key public and international roles, including appointments with the SFC and HKMA, Co-Vice Chair of the IFRS Foundation, Chair of its Due Process Committee, and contributor to the establishment of the International Sustainability Standards Board. Co- founded Pedal Power, a cycling fundraiser supporting youth leadership, and founded Metier Minus, a registered charity promoting circularity in luxury fashion and empowering youth in HK . Currently she serves on the advisory committee of HKUST Business School, the finance and business committee of M+, and she is a Non-Executive Director of Chanel Limited.

Mr. Tang Ying Cheung, Eric (“Mr. Tang”) is an independent non-executive director, chairman of the Sustainability Committee and a member of the Audit Committee of Chow Tai Fook Jewellery Group Limited.

Mr. Tang has over 35 years of audit and assurance experience, with clientele covering listed companies in Hong Kong, state owned enterprises, MNCs and SEC registrants. He has in-depth experience in consumer business industry and capital market transactions including initial public offerings, re-organisations, and strategic acquisitions. Mr. Tang was a Partner of Deloitte Touche Tohmatsu from 1999 to 2022. He had held different leadership roles during his tenure which included National Leader of Consumer Business & Transportation Industry, National Leader of Audit Learning, National Audit Risk Leader, and National Professional Practice Director, and he had served as a member of Deloitte China Governing Board. Mr. Tang has been appointed as an advisor of Deloitte Touche Tohmatsu since his retirement from Deloitte Touche Tohmatsu in 2022.

Mr. Tang is a Fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants; a member of the Chinese Institute of Certified Public Accountants and the American Institute of Certified Public Accountants; a Certified Internal Auditor of the Institute of Internal Auditors; and an FSA Credential Holder recognised by the IFRS Foundation. He is a member of Honorary Advisory Panel, a Panel Convenor of Financial Reporting Review Panel and a member of Investigation and Compliance Committee of the Hong Kong Accounting and Financial Reporting Council.