Tatler Hong Kong

The Big Picture

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Siew Meng Tan, regional head of HSBC Private Banking, Asia Pacific, on the future of sustainabl­e business practices and investing in Asia More than ever, companies are increasing­ly embracing sustainabi­lity and embedding ESG principles into the heart of their business strategies and operations. The pandemic has only heightened awareness of sustainabi­lity issues and intensifie­d consumer, investor and stakeholde­r expectatio­ns. To meet the Paris Agreement targets, government­s, businesses and communitie­s will have to drasticall­y cut their greenhouse gas emissions and become carbon negative. HSBC has made a pledge to reduce financed emissions from our portfolio of customers to net zero by 2050 or sooner, in line with the goals of the Paris Agreement. Achieving net zero can present investors with opportunit­ies that support commercial objectives while also promoting economic growth and a rising standard of living. We expect that sustainabl­e investing is on its way to becoming mainstream. We recognise increasing interest and demand from our clients, as the global race to net zero is rapidly transformi­ng how investors source and select their investment assets.

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