HKU Business School Becomes CBI’s 1stAcademic Partner in the World to Develop a Green Bonds Programme
(Hong Kong/London: 20 September 2018) ClimateBonds Initiative (CBI) and Faculty of Business and Economics, The University of Hong Kong (HKU Business School) have reached consensus on joining hands to provide training on green finance for students in Asia. This first-ever academic collaboration between CBI and one of the world’s leading academic institutions marks a joint commitment of both parties in bringing green finance education to young talents at an early age.
In an additional development, HKU Business School has alsojoinedClimate Bonds Partners Programme, becoming the first CBI Partner in Hong Kong and the first academic partner in the world with whom CBI is developing a programme specific to green bonds which will be included in the academic curriculum.
Collaboration between CBI and HKU Business School consists of the following elements:
- Introducing green finance to the Undergraduate Curriculum of HKU Business School
- Offering Internship Programme for students of HKU Business School
- Undertaking joint events to promote green finance
Market education and capacity building lie at the core of CBI’swork around the world. Since its inception, CBI has focused its efforts on informing and educating market participants about the benefits and challenges of green bond issuance with an emphasis on the importance of accelerated green finance in the global transition to a low-carbon economy.
HKU Business School strives to nurture first-class business leaders and foster academic and research endeavours to serve the needs of Hong Kong, China and the rest of the world in the new Asia-led economy.
Under the Memorandum of Understanding (MoU) agreed between the two organisations, CBI and HKU Business School will work together and raise awareness in the Asian region on the wider agenda of achieving a low-carbon and climate-resilient economy, and also, complement the work of the Hong Kong government in filling the local talent gap.
Sean Kidney, CEO of Climate Bonds Initiative, said, “In recent years, we have seen extreme weather conditions occurring in Asia and the rest of the world consistent with the scientific predictions. Sadly, we have lost the initial battle, to avoid climate change. Lying ahead of us is the next battle - to stop runaway climate change with its catastrophic impacts. This is the battle that the younger generations will be called forth to fight in the coming decades.”
“The HKU Business School is looking to the future in educating prospective leaders in the region on the importance of mitigation, adaptation and climate-resilience. Harnessing green capital, building knowledge and skills around green finance is crucial to mobilising the public and private investment required to meet the urgent climate challenge we all face.”
Prof. Hongbin Cai, Dean of HKU Business School, said “HKU Business School and the University are at the forefront of promoting awareness of climate change and taking actions against a worsening climate. We are consciously incorporating important issues related to climate change, ethics, and leadership into our teaching, research, and knowledge exchange programmes. In the past few years, we have held large activities on campus to discuss environmental and climate issues including corporate social responsibility and green bonds.”
“Leveraging the strength and network of CBI, an international and authoritative non-profit organisation that mobilises green bond markets, we plan to offer new courses to undergraduate students to increase their understanding and contribution to this area. We believe the collaboration will help nurturing business talents with global perspective, not only in the financial and business arenas, but also in sustainable development of the world.”
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Climate Bonds Contacts: |
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Andrew Whiley |
Ivy Lau |
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Head of Communications & Media London |
General Manager China Office Hong Kong |
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+44 (0)7506 270 943 |
+852 6431 1275 |
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HKU Business School Contacts: |
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Christina Chung |
Choi Yiu |
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Assistant Director Communications and External Relations HKU Faculty of Business and Economics |
Manager Communications and External Relations HKU Faculty of Business and Economics |
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+852 3917 1692 +852 9092 2699 |
+852 3917 6153 +852 9166 6522 |
Notes for Journalists
About Climate Bonds Initiative
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy.
It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards & Certification Scheme. For more information, please visit www.climatebonds.net.
About HKU Business School
Faculty of Business and Economics, The Universityof Hong Kong (HKU Business School) strives to nurture first-class business leaders, and foster academic and research endeavours to serve the needs of Hong Kong, China and the rest of the world in the new Asia-led economy. As Asia’s premier international business school, the School engages leading scholars from all corners of the globe who instil in students global knowledge with an Asian perspective. HKU Business Schoolattracts top students from Hong Kong and beyond. It admits the highest proportion of non-local undergraduate students amongst all Faculties at HKU. Three of its undergraduate programmes are ranked among the University’s top 10 programmes.
The School’s full-time MBA programme has a strong Asia and China focus, and the programme has been ranked Asia’s no. 1 in the World MBA Rankings released by the Economist Intelligence Unit (EIU) for eight consecutive years from 2010 to 2017. Students can opt for an overseas exchange opportunity to supplement their campus learning in Hong Kong: a London track at London Business School, a New York track at Columbia Business School or a Hong Kong/China track at Fudan University.
HKU Business Schoolalso offers an elite EMBA-Global Asia programme, jointly with CBS and LBS, for globally-focused senior executives and professionals. The programme was ranked the world’s best joint EMBA programme in the Global EMBA Rankings 2018 by Quacquarelli Symonds (QS). Our International MBA Programme, delivered in Shanghai in collaboration with Fudan University, was the first of its kind when it was launched in 1998.
The School is fully accredited by the European Quality Improvement Systems (EQUIS) and the Association to Advance Collegiate Schools of Business (AACSB).
Additional Information: www.fbe.hku.hk
Facebook: https://www.facebook.com/hkubusinesseconomicsfaculty
Twitter: www.twitter.com/hkufbe
Weibo: http://www.weibo.com/hkufbe
LinkedIn: https://www.linkedin.com/groups/5013122
About Climate Bonds Partners Programme
Banks, institutional investors, private and non-governmental organizations (NGOs) and governments are eligible to join as Climate Bond Partners to help grow a market of green and climate bonds.
Partners support investor and stakeholder outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment. Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees & help define policy agendas for sector, country & sub-national green bond development programs. A list of Partners is available here.
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