Powering The Transition to Net Zero | Off The Script with Gundy Cahyadi

In this episode, Gundy Cahyadi has two special guests in the room, Francois de Maricourt, President Director of HSBC Indonesia, and Tiza Mafira, Director of Climate Policy Initiatives. Through different angles, both guests are actively involved in the process of finding a financial solution to Indonesia’s transition to a net-zero economy. While commitment to net-zero transmission looks strong from both the government and corporate Indonesia, there still seems to be relatively low investment from the private sector in Indonesia. This is one of the challenges that Indonesia faces especially since the amount of funds needed to achieve the country’s carbon emission target is huge. Francois opined that Indonesia’s hosting of the G-20 this year is an opportunity to collaborate with foreign stakeholders. And that financial institutions like HSBC can play a big role in the transition phase. It is also interesting that green investment is catching up, especially among the younger generation in Indonesia. More clients in the banking sector are also increasingly looking at investment in green portfolios. Yet, the lack of green projects is still apparent. Information asymmetry might have hindered the creation of more green projects, especially at the municipality level in Indonesia. Again, this is where institutions with deep technical knowledge, like HSBC, can step in to help. In conjunction with the HSBC Indonesia Summit 2022, #OffTheScript presents, “Powering The Transition to Net Zero”.