Topic: 2025 Sustainable Global Leaders Conference & First Green Industry and Sustainable Consumption Expo The 2025 Sustainable Global Leaders Conference was held from October 16 to 18 in the Expo Park of Huangpu District, Shanghai. Co-hosted by the World Green Design Organization (WGDO) and Sina Group, with support from the Beijing office of the International Financial Reporting Standards Foundation (IFRS Foundation), the conference was organized by Sina Finance and the Beijing representative office of WGDO, with the assistance of the Huangpu District Government of Shanghai.

Bien Wong, Director of the ESG Department at Hong Kong and China Gas Group, attended the conference and delivered a speech at the forum titled "Co-creating a New Vision for Global Energy Sustainability."

Wong shared that since 1967, the company has ceased coal production, becoming the only company in Hong Kong that engages in all renewable energy sources. The company is also involved in low-carbon energy, including hydrogen energy and sustainable aviation fuel. Additionally, the group is producing green methanol aimed at the shipping industry, with facilities in Inner Mongolia, along with various photovoltaic projects. Currently, the company serves over 40 million customers; if we consider an average of three people per customer, the total audience exceeds 100 million.

He noted that discussions about energy transition often highlight the issue of oversupply in various sectors. As an energy company, the first question to explore is where the demand for emissions reduction lies. For instance, in the shipping or aviation sectors, identifying emissions reduction needs will drive energy production. Wong cautioned that if companies only respond to perceived demand after it arises, it could lead to chaotic overproduction and capacity surplus.

While many discussions focus on how to transition to new energy sources, understanding historical context is critical, as it informs the structure of the industry chain and whether the products can effectively transition to new energy solutions.

As the head of the Group's ESG initiatives, Wong, who previously managed investor relations, pointed out that investors look closely at the development of renewable energy within energy companies, which directly relates to ESG practices. He described how low-carbon and environmentally friendly energy stems from the ESG-driven push for carbon reduction, noting that ESG should enhance business profitability and strategically define operational standards.

Wong concluded by emphasizing that grasping the true value behind ESG across different industries is vital, stating that this perspective is essential.

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