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Catching the Green Bond Wave: Principles, Practice and Pitfalls [Full] Event Code: 180315S
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Date 15-Mar-2018
Time 6:15 p.m. - 8:30 p.m.
Venue Room 1703-1704, World-wide House, 19 Des Voeux Road, Central, Hong Kong
(Solomon Financial Press Ltd)
Speaker(s) Speakers:
Mr. Water Cheung, CFA
Chairman, Carbon Care Asia Pte Ltd
Asia Pacific CEO, Stormharbour Securities
Ir. Albert Lai
CEO, Carbon Care Asia
Ms. Gloria Lu
Senior Director & Sector Lead (China)
Infrastructure Ratings
S&P Global Ratings

Ms. Ivy Lau
General Manager
Climate Bonds Initiative China office
Mr. John Sayer
Director, Carbon Care Asia
Fee HKSFA Member(s) at HK$0.0/person
CFA Candidate(s) at HK$0.0/person
Guest(s) and Non-member(s) at HK$0.0/person
This seminar is qualified for 2 CPT hour(s), 2 CE hour(s), 0 RBV CPD hour(s)
Remarks CFA Societies Global Passport Program Eligible 
# CFA Candidate(s) for Year 2017/18 only.
- Only Visa and Master Card are accepted for online payment.
- Language: English

Event Details Add to Calendar

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Following the Paris Climate Agreement and the international consensus on the Sustainable Development Goals in 2015, there has been a phenomenal rise in the interest in green finance. If the forecast by Climate Bond Initiative is any guide, global green bond issuance will jump from slightly over US$100 billion in 2017 to US$1 trillion by 2020, an increase of 640% over 4 years. At present the majority of green bonds are issued in either Europe or in Mainland China.
As a financial hub, Hong Kong seems to be lagging behind in the first wave of green bond growth. Why aren’t more green bonds issued in Hong Kong? How can we encourage more issues without the risk of ‘greenwashing’? How can finance professionals contribute not only to market development but also to environmental improvement? All in all, can Hong Kong catch the next wave of green bonds?

Expert speakers from Carbon Care Asia (CCA), an approved verifier under the Climate Bonds Initiative (CBI), will explain the principles behind green bond issues, market constraints as well as opportunities ahead. Other speakers will discuss international trends and green bond assessment tools for investors and analysts alike.

About the Speakers

Mr. Water Cheung, CFA
Chairman, Carbon Care Asia Pte Ltd
Asia Pacific CEO, Stormharbour Securities

Mr. Water Cheung has more than two decades of extensive experience in global investment banking. He is currently the Senior Partner and CEO, Asia Pacific, at StormHarbour Securities. StormHarbour is an independent merchant banking partnership with 160 professionals in London, Geneva, New York, Hong Kong, Singapore, Tokyo and Copenhagen. Mr. Cheung started his investment banking career in Canada in 1987 and has held senior positions with CIBC, Chase Manhattan Bank, DBS and RBS. He is a
CFA® charterholder and holds a Bachelor of Applied Science degree from the University of Toronto and a MBA degree from York University, Canada. Mr. Cheung is a regular columnist in the Apple Daily and Ming Pao. He is also an Executive Board Member of Treasury Market Association (TMA), an industry body sponsored by Hong Kong Monetary Authority (HKMA).

Ir. Albert Lai
CEO, Carbon Care Asia

Ir. Albert Lai is the Chief Executive Officer of Carbon Care Asia. He was a Stakeholder Council member of the Global Reporting Initiative (GRI), representing the Asia-Pacific Region in the development of G3 sustainability reporting guidelines.  He has served for many years as a member of the Judging Panel for ACCA Sustainability Report Award, and led numerous local initiatives in the field of CSR and sustainability, including the leadership of the Hong Kong NGO delegation to the World Summit on Sustainable Development held in Johannesburg in 2002, and the United Nations Climate Change Conferences in Bali (2007), Copenhagen (2009) and Paris (2015).  Ir. Lai’s other public service included, inter alia, member of the Commission on Strategic Development of the HKSARG, founding Chairman of the Professional Commons and Director of The Conservancy Association.

Albert is an opinion leader who writes regularly on newspapers and speaks frequently in various educational, commercial and civil society forums on climate change, sustainability and development issues. As CEO of CCA, he delivers global and industry insights to top executives and leaders in both private and public sectors.

Ms. Gloria Lu  
Senior Director & Sector Lead (China) Infrastructure Ratings  

Ms. Gloria Lu is a Senior Director and Sector Lead for the Infrastructure Ratings team in Greater China.  Based in Hong Kong, Gloria leads the analytical, research, and outreach activities in the utilities and infrastructure sector in Greater China. She is S&P’s main spokesperson for infrastructure ratings in this market.    

Before taking on her current role, Gloria worked in the Structured Finance Ratings group, where she worked across the full suite of structured finance products in Asia (ex-Japan). Gloria joined S&P in 2004 and before that she worked with corporate banking teams of two international banks for over five years.  
Gloria has a Bachelor of Science degree in Biology and a Master of Art in Economics degree from Nanjing University, and a Master of Science degree and a Doctorate of Philosophy (PhD) degree in Finance from The Chinese University of Hong Kong. She is a CFA® Charterholder and a certified Financial Risk Manager (FRM).

About the Panelists

Ms. Ivy Lau
General Manager, Climate Bonds Initiative China Office

Ms. Ivy Lau is the General Manager of the China Office of Climate Bonds Initiative (CBI), an international, investor-focused and not-for-profit organisation that works solely on mobilising the $100 trillion bond market for climate change solutions. Based in Beijing, her work at CBI focuses on providing support to the scaling up of green bond markets and stakeholder engagement in Mainland China and Hong Kong.

Prior to joining CBI, Ms. Lau worked in a Washington DC-based policy research and advisory NGO, where she contributed to research projects on anti-money laundering and curtailment of illicit financial flows. Ms. Lau was formerly an award-winning Senior Banking Correspondent of the Hong Kong Economic Journal, specialising in the Asian financial sector and with focus on the Chinese banks and insurers, China’s capital markets, RMB internationalization, as well as China’s financial system reform.

Ms Lau holds an MSc in Development Management from the University College London, and a Master’s degree in Media and Communications from the University of Sydney.

Mr. John Sayer
Director, Carbon Care Asia

Mr. John Sayer has extensive experience in global sustainability governance. He was on the Advisory Council of the UN Global Compact (UNGC) on corporate conduct.  He is a member of the GRI Stakeholder Council and has participated at various stages of GRI standards development, including the working group preparing the Mining and Metals Sector Supplement.  Mr. Sayer has served on the Board of the Ethical Trading Initiative (ETI) in the UK helping major corporations develop socially responsible supply chains, particularly in the apparel and FMCG sectors. He was the Executive Director of Oxfam Hong Kong, Director of Africa Now, the Executive Director of Asia Monitor Resource Centre, and the Asia Pacific Director of VSO.

Rating - General
Material presented will be basic and of interest to a general audience having no background in the area.  

CFA Societies Global Passport Program

HKSFA has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-HKSFA CFA Institute societies qualify to attend this event at HKSFA member rates.  Please contact HKSFA at to register.