Editor's Note

Recently, Mr. Bruno Weill, the Chief Representative of BNP Paribas Group China, delivered a keynote speech at Guanghua School of Management followed by panel discussion with Professor Tang Yao, Dept. of Economics, Guanghua School of Management, Peking University.The event, entitled "EU-China Cooperation for Green and Sustainable Finance", was streamed live on the bilingual platform and it engaged about hundreds of audiences from all over the world. The eager audience consisted of faculty members, students in the programs of Master of Finance, Master of Business Analytics, MBA, EMBA, and "Future Leaders" international undergraduate program, and alumni of Peking University.

The event site with Guanghua Students

At the event, Mr. Bruno Weill shared his original insights and new perspectives as an investor, a consultant, and a pioneer. He emphasized the importance of incorporating ESG into the investment process to address real-world problems.

The conversation started with Mr. Weill's perspective on the future of ESG growth in China. He aligned his vision with cooperation with the United Nation's Green and Sustainable goal and discussed many difficulties in the company's sustainable green transition and the investment in green bond market.

Mr. Weill also shared his view on the bond market and green financing in China. The discussion started with the green credit and Chinese market regulator institution for it. The green market is more complicated than ever. He was impressed by the Chinese Government's fast action of shifting the industry market to an ESG sustainable future. He also mentioned that the green bond only has 3 percent of the whole bond market share, which is still a very small market segment. However, the real question is how to balance the emission goal and economic growth.

Mr. Bruno Weill at speech

In the subsequent dialogue, Professor Tang raised several important issues on the green financing and how the EU-China relationship affects this ESG path. He also talked about the ESG score system, the credit standard and China's future carbon trading system plan.

Professor Tang Yao has spent a considerable amount of time to study this field. He pointed out in People’s Daily that regions and industries that enjoy advantages in adopting clean energy, in terms of better technology or better fiscal support, should lead the initiative. He also believed that it is feasible to achieve “carbon peaking” by 2030 and “carbon neutrality” by 2060. Meanwhile, it's crucial to build a unified understanding of the urgency of the task. To achieve carbon neutrality, China should strive both to reduce carbon emissions, and to accelerate the research and development of carbon capture capacity.

Mr. Bruno Weill and Professor Tang Yao in panel discussion

This is the first session of The Creative Navigator Series, a new academic exchange series initiated by our Guanghua School of Management. The series strives to establish a channel for communication between Guanghua and the international community at each field's frontier of innovation by hosting guest speakers to share their original insights and new perspectives.

Mr. Weill is presented Dean Liu Qiao's book

The students learned a lot about the frontiers of the ESG industry's future and cutting-edge financial ideas. There will be more events on The Creative Navigator Series hosted by Guanghua School of Management in the future. The events will follow China’s strategy guidelines for Carbon Neutral plan and ESG growth plan. Guanghua School of Management aims to cultivate young business leaders for our sustainable green future, and exchange ideas with international scholars and industry leaders to make a greener world.

Group photo of all participants

相关链接：

报名 | 刘俏院长对话2020诺奖得主罗伯特·威尔逊

经济学者对话 | 欧洲足坛的金融监管