As one of leading Chinese asset management companies in Hong Kong, we are responsible to generate the positive impact to the society. We deploy our resources and employees’ skills to promote the long-term sustainability of the environment and contribute to the social and economic development of our communities.
(1) Bosera International Climate-Related Risk Management Statement August 2022
With an upward trend of global average temperature and the frequent occurrence of extreme weather, the impact of climate change on human society and the economy is becoming more and more apparent, posing a serious threat to sustainable development. Against this backdrop, governments around the world have taken initiatives to promote work related to climate risk, actively address climate change, and promote low carbon emission reduction development. In 2020, China proposed to peak its carbon emissions by 2030 and achieve carbon neutrality in or before 2060. The government of the Hong Kong SAR, China has also pledged to halve its carbon emissions from 2005 levels by 2035 and achieve carbon neutrality by 2050.
As a signatory of the United Nations' Principles of Responsible Investment (UNPRI) and a public supporter of Task Force on Climate-Related Financial Disclosure (TCFD), Bosera Asset Management Co., Limited actively advances the integration of climate-related risk factors into investment decisions and risk management process to promote sustainable development of the whole society. As a subsidiary of Bosera Asset Management Co., Limited, Bosera Asset Management (International) Co., Limited. (hereinafter referred to as ""Bosera International"" or the ""Company"") also vigorously engages in responsible investment, takes the climate risk-related factors into account in investment decisions and risk management, and supports portfolio companies to address climate risks and reduce carbon emissions to achieve stable long-term growth. In addition, Bosera International has reached carbon neutrality in its operation of Year 2021 on June 20th, 2022, actively practicing the concept of sustainable development from both internal and external aspects.
Based on the above background and development philosophy, the Company has set its current climate-related work objectives as follows:
(1) To fully incorporate climate-related factors into the investment management process. In investment management activities, the Company's investment and research team not only consider the risks caused by climate factors to the target companies, but also pay attention to the positive and negative impacts of the companies' own business and operations on the climate environment.
(2) To effectively incorporate climate-related factors in the risk management process. In its risk management process, Bosera International considers climate-related risks and ensures that appropriate steps have been taken to effectively identify, assess, manage, and monitor relevant and material climate-related risks for each investment strategy or each fund.
(3) To improve the resilience of the real economy to cope with climate change. The Company supports portfolio companies in formulating targets and strategies to cope with climate change through engagement and communication, strengthens internal publicity on climate-related risks, and enhances the capacity of coping with climate change.
(2) Corporate Citizenship
We are not just an investor. We are also committed to use our resources and employees’ skills to bring the positive impact to the social and economic development of our communities.
Employment is one of the biggest issues in a society. We aim to expand our business and attract more international talents and professionals for the social and economic development of Hong Kong. It is our responsibility to comply with the development plan about developing the Guangdong-Hong Kong-Macao Greater Bay Area into a highland for talent. We are committed to help Hong Kong youth solve their employment and entrepreneurial difficulties and create more opportunities for their growth and success. One example is our internship program.
In addition, we aim to empower the next generation, thereby contributing to the society. China Merchants Port Group’s ""Caring for You, Standing by You"" development camp for students is one of programs we participate. We select outstanding young employees as mentors to join the camp, making friends with students in pairs, and providing assistance for their growth and development.