Asia-Pacific Network
GFANZ Asia Pacific’s 3rd Case Study Publication
This iteration will seek to showcase how financial institutions are assessing clients’ transitions and plans and will offer a deeper dive into sector-specific approaches, assessments, and tools used to analyze clients’ transitions.
About
Unlocking investment in low carbon and renewable energy is critical in the APAC region if the world is to limit global temperature rise.
To accelerate these and other efforts, GFANZ launched its APAC Network in June 2022 to support engagement with financial institutions and policymakers across the APAC region. The network enables mutual knowledge-sharing where appropriate on opportunities and challenges.
To reinforce the global work and outputs of GFANZ, the APAC Network will help ensure the perspectives and expertise of firms and actors across the APAC region are reflected and look into adapting GFANZ’s global efforts to meet APAC’s unique and diverse needs.
The GFANZ Asia Pacific (APAC) Network celebrated its first year of operation at the inaugural GFANZ APAC Summit in Singapore where the APAC Network launched the consultation report on Financing the Managed Phaseout of Coal in Asia Pacific.
Our goals
The GFANZ Asia-Pacific (APAC) Network will accelerate the net-zero transition in APAC through four key strategic priorities.
The objective of the network is to bring together the financial sector across developed and emerging economies in APAC to accelerate an inclusive and just transition to a net-zero economy.
FI engagement & recruitment
Support real economy decarbonization by closing the knowledge and capability gap
Support net-zero implementation through capability building
Public sector engagement
Engage with governments and regulators to develop enabling policy environments
Represent a private financial sector perspective in engaging real economy-relevant policymakers
Mobilizing capital into EM&DEs
Support platforms for piloting and scaling financial solutions for climate finance mobilization in APAC EM&DEs
Japan Country Chapter
In its continued efforts to engage the region, GFANZ Asia-Pacific (APAC) Network launched the Japan Country Chapter in May 2023. Japan’s Prime Minister Fumio Kishida commemorated the official commencement of operations in a video message shown at the launch event.
The Japan Chapter will support local financial institutions by sharing knowledge and best practices on developing net-zero transition plans. It will also support financial institutions and their stakeholders on other policies and initiatives that will enable the delivery of a just transition. The Japan Chapter will be advised by GFANZ APAC Advisory Board member Mr. Masamichi Kono, Former Deputy Secretary General of the OECD and MUFG Senior Advisor.
Hong Kong Chapter
The GFANZ Hong Kong Chapter was announced in August 2023 as part of GFANZ’s APAC Network, and formally launched in 2024. It engages and builds capacity with local and regional financial institutions to scale finance to support the real-economy decarbonization.
The Hong Kong Chapter enables knowledge sharing and capacity building using GFANZ’s voluntary tools and guidance, as well as providing input from local perspectives into GFANZ’s ongoing global work.
The Hong Kong Chapter is advised by Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority and a member of the GFANZ APAC Network Advisory Board, and Dr. Ma Jun, Chairman of the Hong Kong Green Finance Association and former Co-Chair of the G20 Sustainable Finance Working Group.
Regional Advisory Board
The APAC Network Advisory Board, composed of leading regional figures from climate and finance, provides guidance and advice to the APAC Network, including strategic direction, local and regional expertise, and representation in overseeing the work of the APAC Network’s workplan and outputs.
Ravi Menon, former Managing Director of the Monetary Authority of Singapore (MAS), chairs the Advisory Board and is joined by leading experts on climate finance from both private, public, and civil society sectors, including:
Regional Network Secretariat
The GFANZ APAC Network Central Office in Singapore is supported by Singapore Exchange, Temasek, and the Monetary Authority of Singapore (MAS). The network is led by GFANZ APAC Managing Director Yuki Yasui, who has experience as the APAC lead for the United Nations Environment Programme Finance Initiative (UNEP FI). Yuki reports to the GFANZ leadership team as well as the GFANZ APAC Network Advisory Board.