Standard Chartered’s recent sustainable banking report, released on Monday, highlights Hong Kong’s retail investors’ potential to mobilize a substantial US$18 billion towards climate change investments by 2030. The report, prepared by PwC Singapore for Standard Chartered, surveyed 1,800 respondents across 10 markets in Asia, Africa, and the Middle East, revealing a projected global investment capacity of US$3.4 trillion for climate mitigation and adaptation within this decade. The surveyed markets encompassed mainland China, Hong Kong, Taiwan, South Korea, Singapore, Malaysia, India, and the United Arab Emirates.
According to the report, Hong Kong investors demonstrated a high interest in climate investing, with 91% expressing their interest in such ventures. Impressively, 81% of these investors expressed a desire to amplify their capital allocations towards climate-related initiatives.
Alson Ho, the head of wealth management at Standard Chartered in Hong Kong, emphasized Hong Kong’s potential as an international financial hub capable of channeling investments to foster innovative wealth management solutions. This approach aims to cater to investors’ growing interest in climate-focused investments, aligning with global efforts towards sustainability and environmental consciousness.