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Two Sides of the Climate Coin – with Wai-Shin Chan, Head of HSBC’s Climate Change Centre of Excellence

Thursday 28 Oct | 12.00 - 12.45

Location

Online

Price

Members: ¥0

Non Members: ¥1,000

Written by Sanae Samata

Note: A Zoom access link will be shared with participants on the morning of the event.

 

The Countdown to COP26 is on

With under two weeks to go until Glasgow hosts the 26th UN Climate Change Conference of the parties (COP26), the fight against climate change continues apace.

Next month’s conference has been called our “last hope” to reverse the climate crisis. COP26 President Alok Sharma has asked governments around the world to set ambitious near-term emission reduction targets that show the path to net-zero by 2050, and to come forward with plans to adapt to the changing climate. It is generally acknowledged that mobilising private and public finance will be incredibly important for reaching these targets.

Wai-Shin Chan, Head of HSBC’s Climate Change Centre of Excellence and Head of ESG Research, describes our situation at hand as being “two sides of the climate coin”; namely, mitigation vs. adaptation. Mitigation action, aimed at tackling the causes of climate change and minimising the potential impacts, is essential for the prevention of climate change. However, the science indicates that some changes are already irreversible, meaning that the adaptation of countries and economies to cope with those changes is also of vital importance.

So where are we now, and where do we go from here?

On October 28, BCCJ Responsible Business taskforce member Heather McLeish will sit down with Wai-Shin Chan to discuss the upcoming global climate summit. Wai-Shin will provide an overview of the priorities, goals and importance of COP26 and offer views on some of the key issues businesses should be keeping an eye on.

What would a successful outcome look like? What are some practical outcomes we might see from COP26 that would help businesses and investors make longer-term plans with more confidence? And with a focus on the need for adaptation as well as mitigation, how do we find a middle ground to push the agenda forward with the situations and needs differing so much across countries, communities and businesses?

There’s so much to be discussed. Join us for what promises to be an insightful and information-packed 45 minutes in the lead up to the most important Climate Change Conference to date (November 1-12).

 

Speakers

Wai-Shin Chan, CFA | Head, Climate Change Centre of Excellence | Global Head of ESG Research

Wai-Shin is Head of HSBC’s Climate Change Centre of Excellence and also Global Head of Environmental Social Governance (ESG) research. His dual role involves analysis of climate change and its multi-asset implications as well as the integration of ESG within HSBC’s Global Research.

Wai-Shin previously worked as a fund manager and was an equity analyst for several years. He has also spent time in the non-profit sector focusing on sustainable investing.

Wai-Shin holds a degree in Mathematics and Physics from Durham University and is a CFA charterholder.

Wai-Shin is Head of HSBC’s Climate Change Centre of Excellence and also Global Head of Environmental Social Governance (ESG) research. His dual role involves analysis of climate change and its multi-asset implications as well as the integration of ESG within HSBC’s Global Research.

Wai-Shin previously worked as a fund manager and was an equity analyst for several years. He has also spent time in the non-profit sector focusing on sustainable investing.

Wai-Shin holds a degree in Mathematics and Physics from Durham University and is a CFA charterholder.

Heather McLeish | Director, EY Japan [moderator]

Heather is a Director at EY Japan focused on the global business development for one of Japan’s biggest Insurance companies. She connects and empowers the global EY team to bring the best EY services to the client their group companies. Heather started her career in EY Japan by helping to build the Climate Change and Sustainability Services (CCaSS) practice in 2015 and was involved in the overall management, development and market impact of this business.

Prior to working with EY in Japan she worked in business development for financial services and real estate focused firms in Asia.

She serves as the ACCJ Sustainability Chair (2021) and is an Executive Committee member with the BCCJ since 2018. Additionally she is a board member for ShineOn! Kids, a Japan-based charity focused on supporting children with long term illnesses, as well as the Association of Women in Finance, Japan and has been a regular guest presenter on NHK’s Cool Japan since 2007.

Heather is a Director at EY Japan focused on the global business development for one of Japan’s biggest Insurance companies. She connects and empowers the global EY team to bring the best EY services to the client their group companies. Heather started her career in EY Japan by helping to build the Climate Change and Sustainability Services (CCaSS) practice in 2015 and was involved in the overall management, development and market impact of this business.

Prior to working with EY in Japan she worked in business development for financial services and real estate focused firms in Asia.

She serves as the ACCJ Sustainability Chair (2021) and is an Executive Committee member with the BCCJ since 2018. Additionally she is a board member for ShineOn! Kids, a Japan-based charity focused on supporting children with long term illnesses, as well as the Association of Women in Finance, Japan and has been a regular guest presenter on NHK’s Cool Japan since 2007.