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Measuring Businesses’ ESG Performance a Growing Challenge Standard Measures and Data Needed
The rapid growth of investment based on environmental, social and governance (ESG) criteria requires innovation and co-operation to create reliable risk disclosure systems, speakers said at the “Integration of ESG and Climate Risks in Investment Management” virtual conference hosted by Imperial College Business School, Brevan Howard Centre for Financial Analysis and Ping An Technology, a member of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318; SSE: 601318).
With increasing numbers of investment managers seeking to integrate ESG factors into their portfolio management decisions, the challenge of measuring and comparing companies’ ESG performance is growing in importance. Advances in technology are making more sophisticated analysis tools available, speakers said, but there are different views on what data is relevant and how disclosure frameworks should be standardized.
Ping An: Understand ourselves first
Ping An’s fintech arm, OneConnect Financial Technology, is developing intelligent tools for companies to gather their own ESG data for publication. “We need to understand ourselves first,” said Tan Bin Ru, OneConnect Southeast Asia CEO. “Our platform monitors 400 indicators across the 40 units of Ping An Group, then places us in a wider context by adding intelligence which benchmarks us against our industry peers.”
While such insight is invaluable to the company, regulations set out how companies report this data to the market. “The Hong Kong Stock Exchange has worked to standardize disclosure of ESG risks,” said Grace Hui, Head of Green and Sustainable Finance at Hong Kong Exchanges and Clearing Limited (HKEX). “As a regulator and exchange operator, we must supervise fair and orderly ESG markets – listed companies must comply and commit to conduct their business well.”
Balanced targets
A Singapore Exchange (SGX) survey on ESG disclosures by Singapore-listed companies showed issues are concerned about differing ESG risk criteria and frameworks. They called for more guidance on environmental standards, particularly regarding greenhouse gas emissions. “Companies tend to disclose their successes, so those reporting less favorable numbers are the minority,” said Herry Cho, Head of Sustainability and Sustainable Finance at SGX. “But providing detail on progress over time is essential, so we are encouraging more balanced target-setting.”
While regulators set the rules for companies to follow, the responsibility for implementing policies and setting objectives falls on company management. “ESG is more than a label – people need to look at what’s underneath,” said Christine Chow, Global Head of Strategic Governance, IHS Markit. “Companies shouldn’t see ESG as a compliance issue: it is a strategy option which over time should be embedded in all aspects of the business.”
Ping An’s OneConnect has partnered with the Singapore, Shanghai and Shenzhen stock exchanges to establish systems that enable listed companies to gather and analyze comprehensive ESG data in ways that are comparable and actionable. Companies can generate detailed reports with valuable insights at the peer group, sector and country levels.
Disclosure linked with performance
Companies that work to quantify and disclose their ESG risks can generate even greater value. Ping An’s research partnership with Imperial College Business School has used artificial intelligence (AI) to analyze how well listed companies are covering key ESG themes in their reports. “This work has also established a statistically significant relationship between disclosures and companies’ financial performance,” said Enrico Biffis, Associate Professor of Finance, Imperial College Business School. “NLP (natural language processing) analysis of climate indicators can flag which companies are objectively greener than others – essentially exposing greenwashing.”
For investors, a lack of a comprehensive ESG taxonomy, a classification system of environmentally sustainable economic activities, is the major stumbling block for assessing companies’ ESG credentials. Lise Renelleau, Head of Sustainability, Rosenberg Equities at AXA Investment Management, said investors are being proactive. “We need a new ecosystem to deliver a new ESG and climate taxonomy. Investors need to understand these elements even if it means spending time and resources,” she explains. “We recommend starting from broad principles – for example, how your portfolios support the Paris [Agreement] goals.”
Ian Simm, founder and CEO of Impax Asset Management, stressed that the three elements of ESG – environment, social and governance, “are less three separate terms but more a prompt for companies to do better – not a box-ticking exercise but a radar sweep to take in the whole picture of a company with a focus on materiality. And this will lead to better information and assessment of risks and opportunities, as well as cost of capital for the companies.”
Ocean of data
The question of how to apply ESG data to address real-world climate impacts through investment decisions concerned several speakers. “Actionable data can be the basis for creating a range of investment aids and products,” said Chex Yu, Deputy Director of Strategy at Ping An Technology. “These extend the usefulness of information to create long-term insights.”
The risk of being swamped by too much unfocused data can be managed with smart technology, said Vanessa Barnett, Global Head of ESG at FactSet. “Data integration makes the datasets work together to produce actionable insights,” she said. “Regulation can define what is disclosed and in what formats, but vendors enable companies and investors to share data and compare like with like.”
Helena Fung, Head of Sustainable Investment, Asia Pacific, at FTSE Russell, said that well-designed benchmarks can help embed sustainable practices at listed companies by directing investor funds to companies that are well-managed. “Newer benchmarks can help with transition pathways by setting standards for management quality and carbon performance,” she said. “We’re seeing more and more passive investing which dovetails well with sustainable benchmarks.”
The conference speakers representing corporations, investors, vendors and regulators were unanimous in acknowledging the importance of technology and data partnerships to ESG integration in investment management. “It takes an ecosystem approach to unite the many players engaged in ESG investing,” said Sohee Park, Chief Product Officer, Ping An Technology. “Data and technology are powerful tools, but working together to share our insights is what makes complex systems work.”
Fintech PR
Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.
Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.
Purpose, Innovation, and Partnerships
Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.
Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.
Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:
- The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.
- On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.
- The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.
Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.
Deepening Bonds: Key Web3 Ecosystems and Communities
Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.
These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.
“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.
“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.
In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-champions-web3-innovation-and-strengthens-ties-with-asias-crypto-community-at-taipei-blockchain-week-302338874.html
TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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View original content:https://www.prnewswire.co.uk/news-releases/aima-technology-welcomes-top-us-dealers-to-shape-the-future-together-302338745.html
HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants‘ online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.
“Our goal with these deposit bonus options is to empower traders of all levels,” said Christopher Oates, the spokesperson for FXGiants. “Under this scheme, we have diverse categories, including Bonus Maximiser, Booster Bonus, and the Bonus Advantage. These bonuses are designed to provide flexibility to clients as they trade on the FXGiants online trading platform.”
Exploring the FXGiants Bonus Options
The bonus options at FXGiants come with versatile advantages. The Bonus Maximiser provides a full 100% boost on all deposits without limit, whereas the Booster Bonus offers a 40% bonus on all deposits up to $4,000 for traders who want to moderately enhance their capital. On the other hand, the Bonus Advantage provides a 60% bonus on deposits up to $5,000, giving traders a better handle on risk. These bonuses enhance the trading experience on the FXGiants online trading platform.
“At FXGiants, we are committed to a trading environment that meets the evolving needs of our clients,” Oates added. “Our online trading platform is a robust ecosystem designed to support traders with advanced execution, extensive market insights, and continuous improvements. As we move forward, we will keep expanding our offerings to ensure that traders have access to the best resources and support.”
About FXGiants
FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.
Terms & Conditions apply. Bonus cannot be withdrawn.
All trading involves risk. It is possible to lose all your capital.
FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.
Website: https://www.fxgiants.com/
View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-online-trading-platform-launches-bonus-initiative-to-reward-traders-302338463.html
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