Hong Kong institute to launch sustainability governance academy

Illuminem summarizes for you the essential news of the day. Read the full piece on South China Morning Post or enjoy below:

🗞️ Driving the news: The Hong Kong Chartered Governance Institute (HKCGI) will launch a sustainability governance academy on July 31 to enhance sustainability standards through education, certification, and events
• The academy is exclusive to those who have completed HKCGI’s ESG reporting certification course, which started last year

🔭 The context: The academy aims to address the growing demand for ESG professionals in both listed and unlisted companies
• The certification course, essential for joining the academy, has seen 1,400 participants so far
• This initiative is part of Hong Kong's broader effort, supported by government subsidies, to build capacity in sustainable finance

🌍 Why it matters for the planet: By promoting robust ESG practices, the academy will contribute to more sustainable corporate governance, influencing better environmental and social outcomes
• It aligns with global trends towards increased transparency and accountability in sustainability reporting

⏭️ What's next: The HKCGI course will be updated with new climate requirements later this year
• Other organizations in Hong Kong are also expanding ESG training programs to meet rising industry demands and capitalize on available government subsidies

💬 One quote: “The academy is a first in Hong Kong, giving a home to sustainability governance professionals,” said Ellie Pang, CEO of the HKCGI

📈 One stat: The Hong Kong government has allocated HK$200 million (US$26 million) to subsidize the training of market practitioners and related professionals in sustainable finance

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