The first speaker in session one was Ms. Tereasa Ko (Senior Partner,
Hong Kong and China Chairman, Freshfields Bruckhaus Deringer; Co-Vice Chair,
IFRS Foundation) and her topic named “The pressing issue of our times – climate
change and harmonizing reporting standards”. She introduced sustainability
reporting and ISSB standard for developing global baseline. Finally, she concluded three key points.
i) ESG is not just paper work. It
needs implementing in each company and integrated into operation.
ii) No longer accepted just claimed
sustainability (No lip service).
iii) Following the work of ISSB
standards which will be accepted by HKEX.
-
94% participants (141) agreed
that Hong Kong company directors need to consider ESG matters to properly
discharge their fiduciary and statutory duties.
-
85% agreed that organizations
should consider the risks (and opportunities) posed by climate change and
allocate resources to address these.
-
61% said their company have a
strategy to decarbonize their business.
-
86% of participants think the
pace of technology change is increasing in 2022 after the COVID-19 pandemic.
-
Bell shape was observed about
confident that your organization is sufficiently managing and mitigating cyber
risks. Assumption: C-suites and board members should set their company’s culture
and tone for brand and reputation protection via a cybersecurity framework.
-
57% response that their
organization have a Data Protection Officer (or similar role).
-
78% didn’t agree AI would
replace human decision-making.
-
67% agreed that there would be
a need for a board of directors with the onset of blockchain-based corporate
governance.
-
44% under active consideration
and 38% not need because they had already met the new HKEX requirement for
independence and diversity.
-
56% participants voted less
than 16% women in their board.
-
52% agreed that it is important
for a board to be diverse in both gender and race.
-
67% selected diversity of
socioeconomic background aside from gender.
-
53% believed by regulation/laws
to incentivize good behaviors towards temperature rise within 1.5 degree
Celsius.
Session Four: Enhancing Hong Kong’s competitive advantage
Prof. Frederick Ma Si-hang GBS JP (Chairman, FWD Group Holdings Ltd)
was session chair and introduced speakers in the session.
At the end, Mrs. April Chan (Past President and Chairman, Technical Consultation Panel, HKCGI) gave closing remark.
Reference:
HKCGI - https://www.hkcgi.org.hk/
FHKI – https://www.industryhk.org/en/
FHKI related activities:
20211210: Breakfast meeting with Ms. Clara Chan - https://qualityalchemist.blogspot.com/2021/12/breakfast-meeting-with-ms-clara-chan.html
20211008: FHKI – The 1st
Compliance Committee Formal Meeting - https://qualityalchemist.blogspot.com/2021/10/fhki-1st-compliance-committee-formal.html
20210727: The FHKI 61st Annual
Dinner - https://qualityalchemist.blogspot.com/2021/07/the-fhki-61st-annual-dinner.html
20210721: FHKI –Lunch with Ms.
Clara Chan and Meeting with Mr. Gordon Lo - https://qualityalchemist.blogspot.com/2021/07/fhki-lunch-with-ms-clara-chan-and.html
20210616: FHKI – Meeting and
Lunch with Mr. Gordon Lo - https://qualityalchemist.blogspot.com/2021/06/fhki-meeting-and-lunch-with-mr-gordon-lo.html
20210520: FHKI – The 1st
Compliance Committee Meeting - https://qualityalchemist.blogspot.com/2021/05/fhki-1st-compliance-committee-meeting.html
20200911: CityU & FHKI
Virtual Industrial Day - https://qualityalchemist.blogspot.com/2020/09/cityu-fhki-virtual-industrial-day.html
20180622: FHKI AI & Big Data
Workshop (人工智能和大數據工作坊)
- https://qualityalchemist.blogspot.com/2018/06/fhki-ai-big-data-workshop.html
20180530: FHKI Industrialist Forum
2018 - https://qualityalchemist.blogspot.com/2018/05/fhki-industrialist-forum-2018.html
20180329: FHKI International
Forum: Cloud Computing, Big Data and AI in Realising an Intelligent Society - https://qualityalchemist.blogspot.com/2018/03/fhki-international-forum-cloud.html
20180213: FHKI Seminar on Bay
Area Soar by Innovation and Industrial Upgrading Opportunities (大灣創新騰飛, 工業升級良機) - https://qualityalchemist.blogspot.com/2018/02/fhki-seminar-on-bay-area-soar-by.html
20180117: Startup Meeting with Hong
Kong Startup Council and CityU - https://qualityalchemist.blogspot.com/2018/01/startup-meeting-with-hong-kong-startup.html
20171122: Meeting with FHKI for
Quality Startup - https://qualityalchemist.blogspot.com/2017/11/meeting-with-fhki-for-quality-startup.html
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