2023 Outlook – Climate Risks, Climate Governance and ISSB

Jo Paisley

President

GARP

As President of GARP Risk Institute, Jo Paisley helps lead research and thought leadership for GARP and the broader risk community.

Jo Paisley’s career began at the Bank of England where she worked in various economist roles, ran the Statistics Division and spent the last part of her career in Supervision. Her last role was as a Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority. This area provided deep technical risk expertise to front line supervisors across all risk disciplines, covering banking and insurance. She was also heavily involved in the design and execution of the UK’s first concurrent stress test in 2014.

She left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing, where she was responsible for ensuring that they met all their regulatory stress testing requirements around the world. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing. Jo studied Philosophy, Politics and Economics at Magdalen College, Oxford, before completing her MPhil in Economics at Nuffield College, Oxford.

Wai-Shin Chan

Head of Climate Change Centre of Excellence, Global Head of ESG Research

HSBC

Wai-Shin is Head of HSBC’s Climate Change Centre of Excellence and also Head of Environmental Social Governance (ESG) research. His dual role involves analysis of climate change and its multi-asset implications as well as the integration of ESG within HSBC’s Global Research. Wai-Shin has previously worked as a fund manager and was an equity analyst for several years. He has also spent time in the non-profit sector focusing on sustainable investing.

Wai-Shin holds a degree in Mathematics and Physics from Durham University and is a CFA charterholder

Professor Véronique J. A. Lafon-Vinais

Associate Professor of Business Education, Department of Finance

The Hong Kong University of Science and Technology

Ms. Veronique Lafon-Vinais is a seasoned financial market professional with over 20 years of banking and capital markets experience. She has worked in all the major financial markets and has extensive experience in all the major debt markets.

Veronique joined Credit Agricole in Paris in 1980 after graduating from HEC; she moved to First Chicago (now part of JP Morgan) in London in 1984 then to Chicago in 1990. In 1991 Veronique joined Union Investissements, the M&A and corporate finance subsidiary of Credit Agricole in Paris to work on various M&A and corporate finance advisory projects. Veronique moved to Hong Kong in 1994 joining First Chicago as Managing Director, Head of Financial Markets, Asia Pacific. She joined Standard Chartered Bank plc as Head of Treasury Origination in 2000 and retired from banking in 2001.

She is now dedicating herself full time to education and teaching as Associate Professor of Business Education, Department of Finance, The Hong Kong University of Science and Technology (HKUST), where she teaches in the MBA/MSc programs as well as in the Undergraduate Programs, and professional training and consulting for the finance industry. She is the Executive Director, Career Development & Corporate Outreach for the School of Business and Management at HKUST, Associate Director for the UG programs,Co-Director of the BSc in Sustainable and Green Finance, Associate Director of the tri-degree World Bachelor in Business Program, and Project Director for the HKUST-NYU Stern MSc in Global Finance.

Agnes K Y Tai

Managing Director, PhD, CCB.D, SCRTM, FRM, CAIA, MBA, FHKIoD

Great Glory Investment Corporation

Agnes is Director of Great Glory Investment Corporation and Head of Sustainability Investment and Advisory of Arta Asset Management Limited. She holds RA 4 & RA 9 licenses issued by the Securities and Futures Commission in Hong Kong, a Climate Designation certificate from Competent Boards, a Sustainability and Climate Risk certificate from Global Association of Risk Professionals, an ESG Investing certificate from CFA UK, and a CAIA certificate from Chartered Alternative Investment Association.

She is a Steering Committee member of Climate Governance Initiative Hong Kong Chapter, an Expert Review Panel member for the MTR Corporation sustainability reports since 2014, an ESG judge for WealthAsia (Benchmark) Funds of the Year Awards, a Council member, Publishing Board of Magazine member and a Deputy Chair of the training committee of the Hong Kong Institute of Directors (HKIoD), faculty of Competent Boards and FITC, board member of Hope of the City, advisory council/committee member of GARP (HK), BlueOnion, FarmacyHK and Shao Ming Lo Foundation.

In her 42 years of serving the financial community in China, Hong Kong SAR, the USA and Australia, she has established and managed asset management/investment companies, consultancy practices, and new business units within major financial institutions.

She has a PhD from the Hong Kong University of Science and Technology with dissertation titled “Do carbon risks matter for Hong Kong equity prices?”, an MBA from the University of Chicago - Booth School of Business, a BSc (Honors) from Roosevelt University in USA and is a graduate of the Stanford University Senior Executive Leadership Program and the 2011 Stanford Directors’ College. She has authored a book on investing in H-shares, a Harvard Business case and a positive psychology book ‘Tall Miracles’.

Kelly Lee

Vice President, Policy and Secretariat Services, Listing

Hong Kong Exchanges and Clearing Limited

Ms Kelly Lee joined Hong Kong Exchanges and Clearing Limited (“HKEX”) in 2013. She works within the Policy and Secretariat Services Unit of the Listing Division, and has been involved in HKEX’s major listing policy initiatives in recent years. Prior to joining HKEX, Ms Lee was a senior associate practicing corporate and securities law in Hong Kong. Ms Lee graduated from the University of Hong Kong with two bachelor's degrees in Business Administration (Law) and Laws. She is a qualified lawyer in Hong Kong and in England & Wales.

John Sayer

Executive Director

Deloitte Carbon Care Asia

John Sayer has a background in sustainability issues and human development, poverty reduction, occupational health and safety and equality issues. He joined the International development and relief agency Oxfam Hong Kong as Executive Director and in 2001 moved to Oxford to take up the post of Interim Executive Director of Oxfam International. In 2003 he became Director of Africa Now working on the promotion of ethical trade among international companies doing business in Africa. In 2006, he returned to Asia and re-joined Oxfam Hong Kong as Director General. He helped shape and implement Oxfam advocacy campaigns on education, climate change and inequality.

He has served on the Board of the UK Ethical Trading Initiative helping major corporations develop socially-responsible supply chains. He also participated in advisory bodies to the UN Global Compact on corporate conduct, the Global Reporting Initiative’s Global Stakeholder Council and a member of the GRI Council’s Capital Markets Discussion Group.

Joining Carbon Care Asia in 2014 he worked on green and sustainable finance standards, ESG reporting and the integration of the Sustainable Development Goals into corporate reporting. He designed and taught the Sustainability Professionals course at Hong Kong University School of Professional and Continuing Education.

He is now Executive Director of Deloitte Carbon Care Asia, working to enable business, finance and public institutions to improve sustainability and climate standards and targets.

Anthony Cheung

Managing Director and Head of ESG

Polymer Capital Management

Mr Anthony Cheung specializes in Green & Sustainable Investment, SDG Investing and Climate Governance in Asia. Anthony is the Managing Director, Head of ESG at Polymer Capital Management and he has served various asset management roles in London, Singapore and Hong Kong including Gartmore, Pictet and BNP Paribas.

Anthony actively advocates sustainability governance best practice. He currently serves as Supervisory Board member of the World Benchmarking Alliance (WBA), Vice Chairman of Friends of the Earth (HK), and INED and Chair of ESG Committee of a HKEX listed company.

Anthony was the first in Asia who attained the Certified ESG Analyst (CESGA®) designation and was awarded Regional ESG Leader Award by Insights and Mandate (I&M) in 2019.