Domestic ESG News
- Hong Kong will see more super typhoons and extreme weather if climate change isn’t brought under controls
A new report from the United Nations warned the world could experience intense changes if global warming isn’t properly addressed. Hong Kong will suffer typhoons more destructive than Mangkhut, droughts that wreak havoc on its supply of drinking water, and intense heatwaves.
- Standard Chartered to open paperless ‘green branch’ in Hong Kong offering sustainable finance products
Standard Chartered plans to open a “green branch” this year in the latest move by a local lender to promote banking services that can help cut pollution. The branch will be fully paperless and will offer a wide range of bank products with a green concept, including deposits, loans and bonds that are tailor-made for environmentally friendly projects.
- Hong Kong airport cuts energy consumption with new air-conditioning control system
Hong Kong’s airport has become the first in the world to adjust its air conditioning based on real-time weather data, cutting down its yearly energy consumption by the amount needed to power 1,200 households over the same period. Machine learning and real-time data on passenger flows and outdoor temperatures will allow for smarter, faster adjustments.