We are Hiring! Join Our Team!

Our team is looking for Green Finance Business Executive to promote green finance development in Hong Kong.

Green Finance Business Executive

To lead FoE (HK)’s Green Finance initiatives and support, FoE (HK)’s green finance advocacy, and to execute FoE (HK)’s roadmap to promote green finance development in Hong Kong.

Your Main Tasks

  • Organise green finance events and activities including but not limited to roundtables, webinars, press conferences
  • Identify channels for marketing of FoE (HK)’s green finance initiatives
  • Establish good relationship with other local or overseas network partners / international allies and provide administrative and secretarial support for meetings
  • Explore the advocacy opportunities of the key economies in the region assist Green Finance Engagement Manager (GFEM) in maintenance and promotion of Certified ESG Analyst (CESGA) program
  • Assist GFEM and Business Development team in soliciting corporate partnership track and monitor ESG investing/sustainability trend, key advocacy moments, related policies and its impacts, and identify gaps and needs of the sector for strategic planning
  • Handle ad hoc activities as required

Your Experience & Skills

  • Excellent command of spoken and written English, Chinese and Mandarin
  • Bachelor degree or above, major in Business or Marketing preferred
  • Minimum 2 years of working experience
  • Experience / Knowledge in finance preferred
  • Experience with event management is an advantage
  • Be a collaborative team player, open to new ideas, willingness to take on challenges, self-disciplined, motivated, and willing to learn
  • Ability to establish credibility and relationships with diverse individuals and groups
  • Proficient in MS Office including Word, Excel, PowerPoint and Chinese Processing

Apply Now: hr@foe.org.hk

More Hong Kong Government green bonds to inspire new issuers?

Alexandra Tracy, Green Finance Advisor of Friends of the Earth (HK)

The biggest green finance news out of Hong Kong so far this year is the release of a second tranche of sovereign green bonds, part of the government’s multi year programme to issue up to HK$100 billion. The proceeds are credited to the Capital Works Reserve Fund and allocated to support projects in areas such as clean transportation, green buildings and air quality improvement.

This time, the government launched green bonds worth US$2.5 billion in total, including US$500 million with a tenor of thirty years. This is the first 30 year green bond to be issued by an Asian government.

As with the first tranche in 2019, there was a strong response from the market. According to media reports, within hours of the books opening, the bonds had attracted more than US$15 billion in investor pledges. How much of this interest was generated by the strong government credit and long dated paper, as opposed to the “green” features of the bonds is not clear. However, Asian institutions do seem to be showing increasing appetite for green financial products, and they were allocated the largest percentage of all the bonds issued.

Hong Kong’s policy makers have always made the point that they hope that the government’s green bond programme – one of the largest to be announced in the world – will stimulate further issuances from companies and financial institutions in Hong Kong, but also more widely in the region. Indeed, there are nine rapidly growing cities in the Greater Bay Area that could look to the success of Hong Kong’s programme for inspiration in their own fund raising plans !


Visit www.foe.org.hk for more news about Friends of the Earth (HK)!
Green Finance Facebook page: https://www.facebook.com/greenfinancefoehk/
FoE (HK) LinkedIn page: https://www.linkedin.com/company/friends-of-the-earth-hk/

Upcoming Events on Green Finance / 今期綠色金融活動一覽

It’s half way through February already but we still have many fantastic green finance events in store for you. Interested to join green finance events and learn more about green finance? Browse the links below to check out the upcoming events on Green Finance.

雖然二月已經過了一大半,但我們仍有許多精彩的綠色金融活動推介給大家。如欲參加和綠色金融有關的活動,或想了解甚麼是綠色金融,歡迎瀏覽以下網址了解更多。

[1] South Asia Impact Capital Festival

[2] The Future Trends of Impact Investing in Asia

[3] CDP Financial Services Questionnaire Climate Change & Forests Pilot Launch Event 2020

[4] Towards Scientific ESG Reporting for Infrastructure Investment

[5] IMAS-Bloomberg Investment Conference 2021: The Future of Capital

[6] Corporate Governance in Asia Webinar Series – Corporate Governance in China: What Investors Need to Know

[7] COP26 Investor Action Climate Webinar Series – Webinar 4: Setting the ambition, What does net-zero mean for investors?


Visit www.foe.org.hk for more news about Friends of the Earth (HK)!
Green Finance Facebook page: https://www.facebook.com/greenfinancefoehk/
FoE (HK) LinkedIn page: https://www.linkedin.com/company/friends-of-the-earth-hk/

Grasping the Green Wave

Alexandra Tracy, Green Finance Advisor of Friends of the Earth (HK)

In his blog post in late January (31 Jan 2021), the Financial Secretary, Paul Chan Mo-po, described a number of government initiatives on climate change policy, hailing the opportunities for Hong Kong to “grasp the development potential brought by this Green Wave”.

Absolutely so. But in the green finance area this must go far beyond issuing some more government green bonds. As we have noted, investor appetite for Hong Kong paper is strong. Highly rated sovereign entity issues bond – so no surprise that people want to buy it – but does it really move an entire market ?

Some of our largest financial institutions are already big players in the green finance game. In 2019, HSBC became the largest underwriter of green, social and sustainability bonds globally. Despite the disruption and challenges for business in 2020, HSBC has remained in the top ten of global bond underwriters.

The opportunity for the government is not simply to keep telling us about what these great international companies are already doing – although the fact that they are doing some of it in Hong Kong is clearly good. The challenge for government is to craft sensible policies and prudent investment that will catalyse activity in all the other financial institutions in Hong Kong – a very sizeable number – that are not currently in the game.

This should be top of the agenda for its Green and Sustainable Finance Cross Agency Steering Group. How can government effectively move the broader market in a greener direction ? What actions by government could create a positive demonstration effect highlighting the potential for low carbon and climate resilient businesses and the feasibility of financing them on acceptable terms ?

Part of this has to be about sending clear messages, which are not muddled up with environmental platitudes. Hong Kong investors and lenders need to hear a strong commercial argument for why they should spend time and allocate resources to developing new business lines. If banks can be convinced that lending to – say – energy efficiency is low risk enough and lucrative enough, they will probably consider it.

As Paul Chan says in his blog, getting this right could create opportunities and jobs across the economy in Hong Kong.

Growing the pool of capital available to green businesses increases the number of projects that can be financed, which increases revenues and profits for local construction, technology and supply chain companies. Availability of financing on reasonable terms could provide Hong Kong companies with a competitive edge when bidding for projects overseas. And Hong Kong is well positioned to establish a cluster of expertise in the tech services which need to go alongside green financing activities: monitoring, reporting, verification, risk management and so on.

The potential rewards that come from grasping the “green wave” are substantial. It is time that all our financial institutions are encouraged and enabled to share in them.


Visit www.foe.org.hk for more news about Friends of the Earth (HK)!
Green Finance Facebook page: https://www.facebook.com/greenfinancefoehk/
FoE (HK) LinkedIn page: https://www.linkedin.com/company/friends-of-the-earth-hk/

The path to Decarbonisation

Green Finance Advisor of Friends of the Earth (HK)

In 2020, China, Japan and Korea announced net-zero carbon commitments, which accelerates the transition to cleaner energy from fossil fuels. In 2021, Biden rejoined the Paris Agreement immediately after taking office, reversing a decision by former President Donald Trump, and planned to set a goal for net-zero emissions by 2050.

Hong Kong, had also set a goal of reaching carbon neutrality by 2050. The Hong Kong government just sold its second U.S. dollar-denominated green bond on 26 Jan 2021, tapping rising demand for socially-responsible debt to help meet its own environmental goals. The city’s government priced $2.5 billion of securities in a three-part deal consisting of five-year, 10-year and 30-year green notes. All three bond tenors priced lower than the initial price guidance given at the start of marketing. The bond’s five-year and 10-year tranches each drew orders more than five times their respective issuance sizes, with the 30-year note more than seven times oversubscribed, according to a press release from the Hong Kong government. The offering follows Hong Kong’s maiden green dollar bond deal in May 2019, when it sold a $1 billion five-year dollar note. Hong Kong has taken initiatives in recent years to foster its local green bond market with an aim of developing the city into a leading international hub for green financing.

Although issuance of green notes declined last year in China, previously a world leader, social bond offerings around Asia surged with authorities shifting their attention to the pandemic. There are signs that green debt sales may bounce back, after at least 10 Chinese borrowers sold such securities already this year, according to data compiled by Bloomberg.

Translating these carbon-neutrality promises into action remains difficult, particularly for countries that rely heavily on coal and other fossil fuels in the power sector. Therefore, climate remained at the focus of corporate strategy in 2021, with a growing number of companies setting carbon-neutral targets and hopefully become a norm.


Visit www.foe.org.hk for more news about Friends of the Earth (HK)!
Green Finance Facebook page: https://www.facebook.com/greenfinancefoehk/
FoE (HK) LinkedIn page: https://www.linkedin.com/company/friends-of-the-earth-hk/