What to Expect

The global energy transition represents one of the most significant economic transformations of our time. As organisations navigate this complex landscape, the integration of technical expertise with investment acumen is emerging as a critical success factor, particularly in Hong Kong's rapidly evolving market. Hong Kong's Approach to Energy Transition Outside of its own net zero goals, Hong Kong is positioning itself as a hub for green and sustainable finance. In 2023, Hong Kong experienced a significant increase in green, social and sustainability debt issuance. GSS+ debt originating from Hong Kong reached USD18.2 billion, representing a year-on-year growth of 236%. With US IPOs for mainland and local organisations hampered by US/China relations, Hong Kong offers a strong alternative. Combining its proven financial infrastructure with an ongoing commitment to investing in the energy transition ecosystem should see it excel in tis field, as long as the talent supply can align. Talent Pool Structure What we see is that there are converging routes for talent into this sector. Renewables cannot be considered a ‘new’ sector, but it is evolving rapidly. Solar and Wind were the mainstay assets, but the big focus is now on battery energy storage systems (BESS) and the hybrid opportunities this creates, with CATL making a splash with their upcoming IPO in Hong Kong. Other sectors such as hydrogen and biofuels are also gaining traction, the latter evidenced in is Bain Capital's $400 million investment in EcoCeres, a biofuels company based in Hong Kong. The sources of talent to support the investment sector in these fields are varied: Traditional equity/debt market professionals from buy and sell side with existing experience in renewables or, transferable skills from the wider energy/infrastructure space Technical experts within operators/utilities who have transitioned to M&A or venture investment related roles within their organisations Strategy/corporate development/M&A experts from corporate, government or state-owned enterprises In terms of deal geography exposure, it depends on the sector. A lot of Chinese government backed investment in solar and wind has been aggressive in South America and Europe, but new deal flow has slowed. Europe and the UK tend to be a key focus in the BESS sector with Japan and Australia seen as the most likely APAC markets. With geopolitical tensions where they are, it is unlikely that we’ll see any US focused investment from Hong Kong/China in the short to medium term. Talent with European deal experience tends to be based out of the UK with a number of key funds/institutions having specialised teams in each of the renewable sub-sectors. The Talent Integration Imperative Energy transition investments require a unique blend of technical understanding and financial expertise. When investment decisions are informed by deep technical understanding, risk assessment becomes more robust and the potential for successful outcomes increases. The presence of specialists with a technical background within investment teams gives investors confidence. This is not only confidence in the initial investment decision, but that the appropriate skills are in place to ensure problems can be resolved before they escalate in the operational context. As the market matures and competition increases, the ability for those advising the deal process to deliver genuine insights and value creation will be a positive differentiator. The Path Forward For Hong Kong and other financial centres, the opportunity to lead in energy transition finance will depend on attracting, nurturing and retaining key talent. Organisations that successfully integrate technical, and investment talent will be best positioned to capitalise on emerging opportunities. Our recent market interactions indicate there is no shortage of talent willing to consider roles in Hong Kong in this sector and, for the well-funded, there is a limited window of opportunity to secure key people before things heat up and we move into another cycle. For more information on recruiting in the energy transition space (investment and operational/technical) and the wider ESG & sustainability sector, contact Mathew Gollop at mat@connectedgroup.com .

As an ESG recruiter, a common question I hear is: “Do I really need a sustainability certification—and if so, which one?” The answer isn’t one-size-fits-all. While experience remains paramount, the right certification can accelerate your career, bridge knowledge gaps, and signal expertise in this rapidly evolving field. In this edition, we break down the why, who, and how of ESG certifications—from globally recognised credentials to specialised courses—to help you navigate the options and invest in the right one for your goals. Why Take an ESG Course and Certification? In today’s business world, ESG expertise isn’t just valuable—it’s becoming essential. Whether you’re looking to deepen your impact in your current role or transition into sustainability-focused work, an ESG certification offers more than knowledge: it provides tangible proof of your commitment and skills. These programmes help you master the frameworks, tools, and language needed to turn principles into action—from analysing ESG risks to designing strategies that align profit with purpose. For career changers, certifications provide a structured way to build credibility in the field. They signal to employers that you’re not just interested in sustainability, but serious about applying it in real-world business decisions. For seasoned professionals, certifications offer a way to validate experience, stay ahead of regulations, and lead initiatives with confidence. Ultimately, ESG training is about more than adding a credential—it’s about equipping yourself with the mindset and tools to drive meaningful change in an evolving corporate landscape. That said, ESG certification and knowledge are not a substitute for work experience within the industry; they are a supplement, not a replacement. Who Should Consider ESG Certification? ESG certifications are ideal for professionals across various sectors who want to lead sustainability initiatives and make informed investment decisions. This includes business leaders, investors, and anyone looking to enhance their professional reputation and career prospects by demonstrating a commitment to responsible practices. Whether you aim to meet stakeholder expectations or position yourself as a leader, an ESG certification provides a structured and recognised pathway to achieve these goals. How Should You Choose the Right Certification and Course for You? Choosing the right ESG (Environmental, Social, and Governance) certification is a crucial step that can greatly impact your career in sustainable development and ethical business practices. Personal and Professional Goals Before diving into the various ESG certifications, reflect on your personal and professional goals. Are you aiming to enhance company performance through sustainable practices, or do you want to integrate ESG risks and opportunities into investment portfolios? Knowing your objectives will help you choose the certification that aligns with your career path and interests. Additionally, consider your current level of ESG knowledge and skills. Are you looking to learn the basics, deepen your expertise in a specific area, or update your knowledge while networking with peers? Having a clear idea of what you want to achieve will guide you in selecting the right ESG training programme. Relevance to Each Industry When choosing an ESG certification, consider how it fits with your current industry or the one you aim to enter. For finance professionals, certifications focusing on ESG risks and investment strategies are often more relevant. In contrast, those in corporate roles may benefit more from certifications centred on sustainable development and social responsibility. For example, a financial analyst might find the CFA Institute's ESG Investing Certificate useful, while a corporate sustainability manager might prefer the Global Reporting Initiative (GRI) Standards Certification. Selecting a certification that aligns with your industry ensures that the skills and knowledge you gain are directly applicable to your professional context. Continuous Learning Resources The ESG field is dynamic and constantly evolving. Therefore, it's important to choose a certification that offers ongoing educational opportunities and resources. Look for programmes that provide access to updated materials, discussion forums, and networking opportunities with other professionals in the field. For instance, some certifications include memberships to professional organisations that offer continuous education and networking events. This can help you stay informed about the latest trends and best practices in ESG, ensuring that your knowledge remains current and relevant. Evaluating Cost, Time, and Mode of Instruction When choosing an ESG certification, consider both the cost and the time commitment involved. Ensure that the investment fits within your personal and professional circumstances. Some certifications may offer flexible learning paths or part-time options, which can be particularly advantageous for working professionals. Additionally, consider your preferred learning style—do you prefer pre-recorded modules, live instruction, or exam-based certifications?

Hong Kong is witnessing significant regulatory changes and evolving trends in ESG, sustainability and green finance. These shifts not only influence corporate practices but also reshape the dynamics of talent supply and demand within the region. In our last article we talked about future talent demands which we still see as likely, although the general economic backdrop has meant that progress is still slow. The shift in tone from the current US administration has also injected a level of uncertainty. Although it seems China will remain committed to its aggressive renewable energy growth and Hong Kong’s Financial Secretary, Paul Chan committed to “strengthen cooperation with other economies to bridge the ‘significant funding gap’ in global climate change responses” (SCMP 2025) at the World Economic Forum in Davos. Regulatory Landscape Recent developments indicate a robust commitment from Hong Kong's regulatory bodies to enhance the quality and scope of ESG disclosures. The Hong Kong Exchanges and Clearing Limited (HKEX) has mandated more detailed climate-related disclosures from listed companies, effective from January 2025. This move aims to align local practices with international standards, particularly the International Sustainability Standards Board (ISSB) guidelines. As a result, companies will need to provide comprehensive reports on their sustainability strategies, risk management, and climate-related metrics. The Accounting and Financial Reporting Council of Hong Kong has also emphasized the need for expertise in sustainability practices, noting that a significant portion of Hang Seng Index members received limited ratings in their sustainability reports (SCMP, 2025). This gap highlights the ongoing need for skilled professionals who can navigate the complexities of ESG reporting. Emerging Trends in ESG and Green Finance Several key trends are shaping the ESG landscape in Hong Kong and the broader Asia-Pacific region: 1. Increased Integration of ESG Metrics in Executive Incentives: According to a report by WTW, approximately 74% of APAC firms are linking ESG metrics to executive incentives. This trend is expected to drive accountability and enhance corporate governance, making sustainability a core component of business strategies (HRD Asia, 2025). 2. Focus on Climate Adaptation: With climate change posing significant risks, there is a growing emphasis on adaptation strategies alongside mitigation efforts. Hong Kong is set to introduce adaptation criteria for its taxonomy, ensuring that financial flows are directed towards projects that enhance resilience against climate risks (Responsible Investor, 2025). 3. Rise of Transition Finance: The concept of transition finance, which supports companies in moving towards greener practices, is gaining traction. This includes funding for industries that are not fully green yet but are making substantial efforts to reduce their carbon footprint. As China's national carbon market expands to include more sectors, Hong Kong's financial institutions are likely to follow suit, promoting investments in transitional projects (Eco-Business, 2025). 4. Standardization and Assurance in ESG Reporting: The recent push for standardization in ESG disclosures, driven by new regulations, will likely increase the credibility of sustainability reports. Companies that adopt these standards early may gain a competitive edge in attracting investors who prioritize transparency and accountability (Eco-Business, 2025). 5. Publicly Accountable Entities – 2028 Deadline: Hong Kong’s public institutions will need to meet mandatory reporting requirements by 2028. These organisations cover a significant portion of the local real estate footprint and employment base and their role in both driving the conversation a developing talent will be influential. Impact on Talent Supply and Demand As we outlined in the introduction, the slow economy is not yet driving a high volume of hiring but, we are confident that we will see increasing demand as the year continues. Key skills areas are likely to be; Carbon Accounting and Emission Reporting: As businesses are required to disclose not just Scope 1 and 2 emissions but also Scope 3 emissions, the need for professionals skilled in carbon accounting is critical. Companies will seek individuals who can manage complex data and develop credible transition plans. Those who can bridge between technical data, reporting skills, and ESG knowledge will be particularly in demand. Sustainability Reporting and Compliance: With new regulations mandating detailed ESG disclosures, there will be ongoing demand for compliance experts who understand the intricacies of local and international reporting standards. This trend is echoed in the call for more expertise in sustainability practices among Hong Kong’s accounting bodies (South China Morning Post, 2025). Consulting and Advisory Roles: As firms navigate the regulatory landscape, the need for consultants who specialize in ESG strategies and compliance will rise. These roles will involve advising companies on best practices for sustainability integration and helping them develop effective transition plans, both at board and leadership team level. Green Finance Specialists: The expansion of green finance initiatives will create opportunities for finance professionals who can assess and manage investments in sustainable projects. Understanding the nuances of green bonds and sustainable financing will be essential. Conclusion  Hong Kong is at the cusp of a significant transformation in its approach to ESG, sustainability, and green finance. The regulatory changes and emerging trends indicate a clear shift towards increased accountability and transparency, creating a robust demand for skilled professionals in the field. As companies adapt to these changes, the talent supply in Hong Kong will need to evolve, ensuring that the workforce is equipped to meet the challenges and opportunities of a sustainable future. With the right investments in talent development and training, and an agile view on hiring international talent, Hong Kong can position itself as a leader in the sustainable finance landscape in Asia.