Hong Kong Exchanges and Clearing Limited (HKEX) has named Paul Chow as group chief sustainability officer. Here are four things to know about the exchange, and Chow's business experience.
1. Organization Focus, Scope and Scale: HKEX Group, founded in 2000, is headquartered in Hong Kong. The exchange operates financial markets in Asia and Europe. HKEX was formed through the merger of Stock Exchange of Hong Kong Ltd (SEHK), the Hong Kong Futures Exchange Ltd (HKFE) and the Hong Kong Securities Clearing Co Ltd (HKSCC). The merged organization in 2012 acquired London Metal Exchange (LME). The HKEX supports equity, derivative, commodity, fixed income and other financial markets, products and services.
2. Sustainability Strategy: The HKEX offers a Sustainable & Green Exchange (STAGE), an "online portal providing information, access and transparency on a wide range of sustainable, green and social investment products." The organization's overall sustainability strategy is outlined here.
3. Paul Chow's Previous Roles: Paul Chow joined HKEX in 2021 as group general counsel, overseeing the group’s legal and secretarial services functions. Previously, he was group general counsel and company secretary at Cathay Pacific Airways. Earlier, he was a partner at several law firms.
4. New Responsibilities: As group chief sustainability officer -- a newly created role at HKEX -- Chow is "responsible for driving the development of sustainability strategies that align with HKEX’s purpose and long-term goals, ensuring that environmental, social, and governance (ESG) considerations are incorporated into all aspects of HKEX’s operations, policies, and culture," the organization said. "He will have oversight of HKEX’s sustainability division and initiatives, including the Core Climate carbon marketplace. Mr Chow will also continue in his existing role leading the Group’s legal and secretarial services functions as Group General Counsel."
Chief Sustainability Officers: Why Technology Partners Should Care
By 2027, 25% of Global 2000 companies will have assigned a chief sustainability officer (CSO) responsible for meeting their organization’s ESG goals and making ESG-related IT purchasing decisions, according to IDC.
The bottom line: Technology partners need to extend their sales, marketing, engagement and support strategies to successfully fulfill those CSO customer needs, Sustainable Tech Partner believes.
