Green finance, a paradigm shift

Sustainable Finance Institute Asia’s Eugene Wong (pic) is providing advisory services to various organisations that are keen to implement sustainable financing. Here are excerpts of an interview with StarBizWeek:

STARBIZWEEK: Some argue that the green finance movement is something that impacts the western or developed economies and there is no hurry to be concerned about these issues.

Wong: Sustainability is a global issue. Climate change is a global issue. They don’t recognise any borders nor are they trends. They are paradigm shifts. The impacts are very real. Just look at Asean. Four Asean countries were among the top 10 nations globally most impacted by climate-related disasters during the 1999 to 2018 period, according to the Global Climate Risk Index 2020.