Hong Kong’s ability to retain top ESG talent depends on making the city a hub for green tech and finance: Deloitte
- Consultancy’s lead partner for climate and sustainability services says incentives are not enough to retain world-leading talent over the long term
- Companies are embedding ESG talent even faster than they did digital talent 15 years ago, says Mohit Grover
Hong Kong needs to sharpen its competitive edge and strengthen its ecosystems for sustainable finance and green tech to retain the thousands of environmental, social and governance (ESG) experts it aims to attract through high salaries and immigration programmes, according to accounting firm Deloitte.
Making Hong Kong into a true hub for green finance and tech would give the city a long-term edge over global peers, said Mohit Grover, lead partner for climate and sustainability services at Deloitte Hong Kong.
“That would mean that these people will be given opportunities that are world-leading, while some other jurisdictions are also providing [similar] sets of incentives,” he said.
The call for improving the local business ecosystem comes after Hong Kong issued a series of policies since last year to fill its ESG talent pool in support of the government’s plan to develop the city into a high value-added economy and meet its 2050 sustainability targets.
