Sustainability

Renewable energy technology is developing at bullet-train speed in Hong Kong and Mainland China, where preparations for the upcoming COP28 United Nations Climate Change conference in the United Arab Emirates in late November are on the fast track.

The dynamic Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has many energy-hungry industries, but firms are eager to adopt sustainable practices and opt for solutions from Hong Kong green service providers.

ESG is trending among companies globally, helping them go green and achieve sustainable development, but in the eyes of Arthur Lam, CEO and Co-Founder of Hong Kong start-up Negawatt, that is far from enough to make an environmental impact.

Two years ago, Mainland China set 2025 as a target for half its power capacity to come from renewable resources, a landmark the economy has already reached two years ahead of schedule.

The atmosphere has no borders and the fallout from bad environmental practices – as well as returns on good ones – quickly spread across the globe.

Regulators, investors and customers often require companies to follow sustainable, environmentally friendly policies as environmental, social and governance concerns grow. But these terms mean different things to different people – or organisations – and comping up with a comprehensive and unambiguous taxonomy is no easy task.