“After many years of sustainable financial development, we have found that globally, the majority of large-scale transactions take place in Organization for Economic Co-operation and Development (OECD) countries and China,” Ma said. told the paper. post.
“Other emerging market countries lag behind in terms of productive capacity, which hinders sustainable financial development.”
In response, the Institute launched the international cooperation platform CASI, which was launched at the United Nations World Climate Summit Cop28 in Dubai last December.
Standard Chartered announces 40% jump in investors buying ESG funds
Standard Chartered announces 40% jump in investors buying ESG funds
In addition to HSBC and Standard Chartered Bank, CASI's founding members include the institute, the HKMA's Infrastructure Finance Facilitation Authority, the Beijing-backed Silk Road Fund, the Asian Infrastructure Investment Bank, and the financial education and professional standards body CFA. Includes associations.
Other members include the Hong Kong Green Finance Association, the University of Hong Kong, the Hong Kong Trade Development Board, and auditing and consulting firms Deloitte, Ernst & Young, KPMG and PwC.
Mr. Ma, a former economist at Deutsche Bank, the World Bank and the IMF, is the association's president and former co-chair of the G20 Sustainable Finance Working Group.
CASI, which will have its secretariat in Hong Kong, will co-host an in-person event with the HKMA in June in Hong Kong for participants from Asia, in addition to online courses and webinars aimed at a wider audience. Then Mr. Ma spoke. CASI will leverage its members' Hong Kong resources to provide training during the event.
He added that a similar in-person event targeting the Latin America region will be held by CASI in Brazil in April, and another event will be launched in the Middle East and Africa region later this year. .
Ma will cover topics such as policymaking, regulation, sustainable financial instruments, carbon markets, greenhouse gas emissions accounting, and sustainability disclosure verification, and CASI will produce 100 hours of learning content. He said he hopes to attract 100,000 people to his events by 2030.
He said that during the in-person sessions, participants will discuss sustainable finance principles and how best practices adopted in developed markets can be applied in their home countries.
“This includes a lot of south-south exchanges,” he said, referring to emerging economies. “It’s not just developed countries that are saying, I did this, you guys did this. [can] Please copy my model. [Actually]Many local conditions and constraints must be considered. ”
CFA Institute is a 60-year-old investment education, research and standards-setting organization and CASI's primary content generation and distribution partner.
“We were known as the gold standard for financial analysts and now we are known globally as the green standard for sustainability education…What we want to do is bring our expertise to the delivery of training. ,” said Paul Moody, managing director of global partnerships. CFA Institute's client his solution.
There are approximately 200,000 Chartered Financial Analysts in 160 markets around the world, including more than 9,000 in Hong Kong.
Since its launch in September 2021, approximately 16,000 candidates have enrolled in the CFA Institute Certificate in ESG Investment Program in Hong Kong, representing approximately one-third of approximately 48,000 candidates worldwide. Equivalent to.
In late 2022, the city government launched a subsidy system for local sustainable financial training and professional qualifications.
