Director of the Hong Kong Economic and Trade Office (Toronto) (HKETO), Ms Emily Mo, joined the webinar titled “Hong Kong Food Tech x ESG” hosted by the Hong Kong-Canada Business Association (Toronto GTA) with the support of HKETO, Invest Hong Kong (InvestHK) Canada and Hong Kong Trade Development Council (HKTDC) on October 4.
The webinar aimed to illustrate how business can grow together while meeting Environmental, Social and Governance (ESG) goals. Panelists from the food tech sector shared insights on how their companies have successfully incorporated ESG in Canada and Hong Kong.
In delivering opening remarks at the webinar, Ms Mo pointed out that Hong Kong and Canada share the same commitment to environmental sustainability, noting that both aim to achieve carbon neutrality by 2050.
“Hong Kong is steadfast in its aspiration to become a premier hub for green technology and green finance. Throughout the years, we have explored various solutions to combat climate change, including the adoption of energy-efficient technologies and the promotion of sustainable food,” she said.
To facilitate this transition, Hong Kong established the Green Tech Fund in 2020, with an investment of approximately 65 million Canadian dollars. “The Innovation and Technology Fund also offers substantial financial support and resources to businesses engaged in green technology. Currently, we are home to over 100 green-tech companies and startups, operating within our incubators at the Hong Kong Science and Technology Park and Cyberport. These incubators warmly welcome overseas companies to establish their presence in Hong Kong to cater the vibrant market on the East,” Ms Mo added.
Ms Mo remarked that Hong Kong is also a prominent player in the global green finance ecosystem. “Hong Kong’s status as an international financial center remains unshaken, with a robust presence of global institutional investors actively seeking green investment opportunities. Enormous opportunities are posed by the requirement of ESG reporting and the huge demand for green projects and green financing in the Mainland China.”
Ms Mo noted that changing consumer behavior is another pivotal factor propelling developments in green technology. By capitalizing on Hong Kong’s pool of innovation and technology experts and government support, its financial standing, and a vibrant consumer market support, investors can establish their research and development bases in Hong Kong, and bring the innovations to market by leveraging advanced manufacturing and storage facilities available in the Guangdong-Hong Kong-Macao Greater Bay Area.
In term of the passion for food, Hong Kong heavily relies on imported food which includes a substantial amount of seafood from Canada. “This reliance has spurred creativity and innovation in food treatment in our city,” Ms Mo said.
Following Ms Mo’s remarks, Head of Business and Talent Attraction of InvestHK Canada, Mr Christopher Chen, shared insights on Hong Kong as an ESG hub for Canadian companies to leverage.
香港駐多倫多經濟貿易辦事處（香港經貿處）處長巫菀菁於十月四日出席港加商會（大多倫多分會）主辦的「香港食品科技 × 環境、社會及管治」網上研討會，該研討會獲香港經貿處、香港投資推廣署加拿大辦事處及香港貿易發展局多倫多辦事處支持。