Cathay Pacific Hong Kong Branch supports the “Hong Kong Quality Assurance Agency 35th Anniversary Thematic Forum”
TAIPEI, Oct. 25, 2024 / — Cathay Pacific Hong Kong Branch is committed to implementing sustainable financial development. This year, as an event partner, it supports the “Hong Kong Quality Assurance Agency” organized by the Hong Kong Quality Assurance Agency [1] on the 18th .
35th Anniversary Thematic Forum” and won six awards at the “Hong Kong Green and Sustainable Finance Awards 2024” award ceremony held at the forum, including “Outstanding Green and Sustainable Loan Structural Consultant (Textile Industry)”, “Outstanding Green and Sustainable Loan Structural Consultant (Water Utilities Industry)” and other awards, and headed by Mr. Kan Qiyuan, President of Cathay Pacific Hong Kong Branch, led three branch representatives to jointly win two “Outstanding Green and Sustainable Financial Development Leaders” and two “Outstanding Green and Sustainable Financial Development Strategy Experts”, a total of four individual awards.
Cathay Pacific Hong Kong Branch has won the “Hong Kong Green and Sustainable Finance Award” for three consecutive years. Mr. Kan Qiyuan, President of Cathay Pacific Hong Kong Branch, said: “We are very honored to be recognized by the Hong Kong Quality Assurance Agency again.
Cathay Pacific Hong Kong Branch has past In the past two years, we have actively assisted many companies in developing appropriate ESG financing solutions.
Among the bank’s overall outstanding loans, the proportion of green finance-related loans has increased from nearly 10% in 2022 to about 20% in September this year.
In 2022, we signed a strategic cooperation memorandum (MOU) with the Hong Kong Quality Assurance Agency.
We hope to deepen the promotion and cooperation of both parties in green finance business in the future, assist more customers in different fields to create suitable ESG financing solutions, and accelerate the low-carbon transformation of society.
This year’s “Hong Kong Quality Assurance Agency 35th Anniversary Thematic Forum” is themed on the three major strategies of “sustainable finance”, “ESG” and “climate adaptation”, and brings together many political and business leaders, experts and scholars from overseas and Hong Kong.
Speakers, the full-day event attracted more than 800 senior executives to participate in the grand event, including Mr. Hui Ching-yu, Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, Mr. Ban Ki-moon, former United Nations Secretary-General and President of the Global Green Growth Institute, and Executive Director of the China Certification and Accreditation Association. Mr. Huang Jixian, Vice President and Secretary-General, etc.
Jointly focus on “How ESG and sustainable financing can achieve the United Nations Sustainable Development Goals and enhance climate resilience”, “The latest development of global benchmarks for sustainable development disclosure in financial markets”, “International standards trends and green and sustainable banking and financing experience” ” and other three major aspects, share how to use existing resources, connect cross-domain partners, and contribute to environmentally sustainable development.
Mr. Wen Zhenhan, deputy general manager of Cathay Pacific Bank, who was one of the guest speakers, shared on the topic of “Green and Sustainable Finance Experience”.
Mr. Wen Zhenhan said: “Cathay Worldwide Bank actively promotes the development of sustainable finance. The amount of sustainable loans has increased in recent years.
There has been a significant increase. Although the interest rate trend is unclear, the amount of sustainability-linked loans last year increased by 95% compared with 2022, and the amount of green loans showed double-digit growth.
Cathay Pacific also actively used sustainable loans in Taiwan.
The successful experience in the market has helped overseas customers, and now it has become Cathay Pacific’s second largest sustainable loan market in Hong Kong.
We hope to continue to cooperate with the Hong Kong Quality Assurance Agency to deepen the promotion and cooperation of green finance business.”
Looking forward to the future, Cathay Pacific Bank will continue to pay attention to international sustainable development trends, including issues such as climate risks and biodiversity, implement the commitments of the pioneers in sustainable finance, actively integrate the sustainable spirit into operations and various services, and exert a positive influence , to drive the all-round sustainable development of industries in the Asia-Pacific region in a balanced manner.
