HKMA and IFC to host Climate Business Forum: Asia Pacific 2025 to support region's ambitions for low-carbon, resilient and inclusive future
The following is issued on behalf of the Hong Kong Monetary Authority:
Emerging markets across the Asia-Pacific region are seeking capital and innovative insights to design and implement strategic solutions that will drive low-carbon, resilient and inclusive economic growth that creates jobs. The convening of the second edition of the Climate Business Forum: Asia Pacific 2025 (the Forum), to be held in Hong Kong on September 9, provides an ideal platform for action-oriented discussions that support their ambitions.
The Forum, which will convene over 250 global and regional leaders in business and finance, is co-hosted by the by the Hong Kong Monetary Authority (HKMA) and the International Finance Corporation (IFC). BloombergNEF will serve as the Forum's Knowledge Partner. The Forum will serve as the cornerstone event of the second edition of Hong Kong Green Week, the city's flagship sustainability event that offers a platform for stakeholders worldwide to engage in meaningful dialogue and collaboration on sustainability.
Ahead of the 30th Conference of the Parties to the United Nations Framework Convention on Climate Changein Belém, Brazil this November, the Forum will explore how private investment can be scaled up to accelerate the transition in emerging markets across the region, driving innovation, preparing for extreme weather events, and preserving biodiversity, while creating and improving jobs. Key themes of the Forum will also include the use of artificial intelligence and other emerging technologies and innovations in the energy transition, decarbonisation of heavy industry, sustainable supply chains, financing solutions for biodiversity and adaptation, as well as the latest trends in energy transition investment in the region.
"Emerging markets in the Asia-Pacific region recognise the necessity of leading, designing and investing in their own country-specific climate solutions, and they also recognise that working with the private sector to mobilise the capital and innovation they need is indispensable for smart development and job creation," said Regional Vice President for Asia Pacific, IFC, Riccardo Puliti.
He added, "Using our convening power alongside like-minded and valued partners as the HKMA and BloombergNEF, our Knowledge Partner, we're delighted to co-host this second edition of the Climate Business Forum: Asia Pacific, the cornerstone event of the second edition of Hong Kong Green Week."
"Hong Kong is committed to supporting low-carbon, inclusive and resilient growth in Asia-Pacific," said the Chief Executive of the HKMA, Mr Eddie Yue. "It is our pleasure to host the Climate Business Forum: Asia Pacific in Hong Kong for the second consecutive year, bringing together thought leaders from both financial and real sectors to explore viable solutions to our shared climate challenges. We are also excited to share Hong Kong's experience in mobilising sustainable finance and supporting the sustainable transformation of supply chains and developing nature-smart solutions, among other important topics."
The one-day Forum will feature keynote addresses, high-level panels and fireside chats with corporate leaders, financiers, development partners and policymakers. It will also highlight transformative partnerships, including IFC's She Wins Climate initiative, which supports women entrepreneurs and women-led businesses active in delivering climate solutions, as well as the latest developmentsfrom the Alliance for Green Commercial Banks, a global initiative of IFC, in partnership in Asia with the HKMA.
The Forum builds on the success of its inaugural edition in 2024.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record US$56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilising private capital to create a world free of poverty on a liveable planet. For more information, visit www.ifc.org.
About HKMA
The HKMA is Hong Kong's central banking institution. The HKMA's main functions are: (i) maintaining currency stability within the framework of the Linked Exchange Rate System; (ii) promoting the stability and integrity of the financial system, including the banking system; (iii) helping to maintain Hong Kong's status as an international financial centre, including the maintenance and development of Hong Kong's financial infrastructure; and (iv) managing the Exchange Fund.
About BloombergNEF
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. BNEF's expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. BNEF helps commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
Source: AI-found images
