HKGFA would like to thank the co-hosts, PwC Mainland China and Hong Kong, Ms. Josephine Kwan, Ms. Loretta Ng, and HKGFA Green and Sustainable Private Equity Working Group co-chairs – Mr. Dennis Wu and Ms. Bei Xu (also representing Hong Kong Private Equity Finance Association (HKPEFA) ) for organizing this successful event on 30th November 2022.
Mr. Clinton Pang, Senior Manager of PwC Hong Kong, kickstarted the event with a presentation on ESG due diligence and impact investing considerations for PE managers, followed by a panel discussion moderated by Ms. Loretta Ng, Partner of PwC Hong Kong, joined by a distinguished panel of speakers: Mr. Cliff Zhang, CEO and co-Founding Partner of Templewater, Mr. Edan Lee, Managing Director of Olympus Capital Asia, Mr. Karim Ghannam, CEO and co-founder of 8F Asset Management.
Speakers shared their experience adopting and integrating ESG practices into the investment process – challenges and obstacles faced by General Partners to embed ESG into the value chain from due diligence, access to data, and materiality, through to exit strategy. Attendees gained candid insights on impact investment, investor demand, the importance of transparency and measuring performance.
Our Under Secretary General, Ms. Jenny Lee, gave closing remarks, highlighting the demand from asset managers to navigate the investor and regulatory needs. HKGFA is conducting a short Private Equity survey to assess the knowledge gaps in the market to provide support. Asset managers are encouraged to complete the short PE survey to determine the impact of climate risk disclosure requirements on their fund investment and operational process. Survey will be closed on Dec 12th 2023.