2 AUGUST 2024

Banking on Sustainable Finance – Tan Chee Wee

 

In this episode of GGC Insights, we dive into the world of sustainable finance with Mr. Tan Chee Wee from Tsao Pao Chee. As Singapore positions itself as a leading green finance hub in Asia, Mr. Tan shares his expert insights on the country’s progress, challenges and opportunities in this rapidly evolving sector.

Tune in to explore the intersection of finance and sustainability, and discover how you can play a part in shaping the future of green investments in Singapore.

Transcript

Podcast introduction (0:06)
Sustainability & Antarctic expedition with Chee Wee – Natasha introduces Chee Wee, a sustainability expert with a unique experience in Antarctica, to discuss his sustainability journey and impactful expeditions.

A passion for sustainability (0:45)
Chee Wee’s professional journey – Chee Wee provides an overview of his background, sharing his passion for sustainability and the driving forces behind his career shift into sustainable finance.

The Antarctic expedition (0:57)
Motivation for joining the 2041 Antarctic expedition – Natasha explores Chee Wee’s motivations for joining the 2041 Antarctic expedition, describing Antarctica as the “last untouched place on Earth.”

Memorable moments from the expedition (1:41)
Reflecting on the Antarctic journey – Chee Wee shares some unforgettable experiences from the expedition, including moments of reflection and connection with the natural environment.

Personal growth in Antarctica (2:35)
A pivotal moment for climate action – Chee Wee describes a moment of reflection during the expedition that deepened his commitment to driving climate action.

Advice for future expeditionaries (3:06)
What it takes to join an Antarctic expedition – Chee Wee offers advice for individuals interested in participating in similar expeditions, emphasizing the importance of purpose and preparation.

Purpose-driven expeditions (3:16)
Key suggestions for climate advocates – Chee Wee discusses how individuals should approach these expeditions with a strong sense of purpose and commitment.

Transition to sustainable finance (3:46)
Chee Wee’s shift to sustainable finance – Natasha explores Chee Wee’s transition from consulting to sustainable finance, focusing on how finance can drive meaningful change.

Sustainable finance in Asia (5:27)
Singapore’s ambitious green finance goals – The conversation highlights Singapore’s efforts to become a leading hub for sustainable finance in Asia and globally.

Green finance & Singapore’s climate goals (5:42)
How finance supports climate commitments – Chee Wee elaborates on the role of green finance in helping Singapore meet its climate goals.

Financing Singapore’s Green Plan 2030 (6:04)
Key financing initiatives for sustainability – Chee Wee discusses the importance of financing the Green Plan 2030 to achieve national sustainability goals.

MAS & sustainable finance (7:10)
The role of MAS in green finance – Chee Wee explains the role of the Monetary Authority of Singapore in driving sustainable finance initiatives.

Transition finance in Asia (7:36)
Supporting sustainable development through finance – The conversation shifts to the role of transition finance in facilitating sustainability across Asia.

Understanding transition finance (8:23)
Explaining transition finance simply – Natasha seeks a simple explanation of transition finance, and Chee Wee breaks it down using the green, brown, and amber spectrum.

Challenges of transition finance (9:43)
Risks & pitfalls – The discussion delves into the risks associated with transition finance and the potential pitfalls that need to be avoided.

Preventing greenwashing (9:51)
Ensuring authentic transition finance – Chee Wee emphasizes the importance of ensuring that transition finance is genuine to avoid greenwashing.

Navigating sustainable finance regulations (12:22)
Investor strategies for compliance – The conversation discusses how investors can stay informed and adjust to the evolving regulatory landscape of sustainable finance.

Staying updated on sustainable finance (12:34)
Expert tips for investors – Chee Wee shares advice on staying updated in the rapidly evolving field of sustainable finance.

Blended finance & collaboration (13:31)
The power of collaboration in sustainability – Natasha explores how collaboration and blended finance can help overcome challenges in sustainable projects.

Blended finance explained (13:48)
How blended finance helps overcome investment barriers – Chee Wee explains how blended finance can overcome challenges related to the bankability of sustainable projects.

Blended finance stakeholders (14:16)
Pooling resources for greater impact – The discussion outlines the stakeholders involved in blended finance and how they work together to maximize impact.

Individual & investor contributions (16:08)
How to contribute to sustainable finance – Natasha and Chee Wee discuss ways individuals and investors can support the growth of sustainable finance.

Mindful investing & consumption (16:22)
Strategies for sustainable impact – Chee Wee offers advice on mindful investing and consumption to reduce harm and maximize positive impact.

Sustainable investment due diligence (17:47)
Importance of impact reporting – The conversation stresses the need for due diligence and impact reporting in sustainable investments.

Future of sustainable finance (18:26)
The role of partnerships and consolidation – Chee Wee discusses the future of sustainable finance, focusing on partnerships and the potential for consolidation in the sector.

PPPP partnerships (18:42)
The role of private-public-philanthropy partnerships (PPPP) – Chee Wee highlights the potential of PPPP partnerships in shaping the future of sustainable finance.

Personal commitment to sustainability (19:30)
Leading by example – Chee Wee emphasizes the importance of personal commitment and leadership in driving sustainability efforts.

Nature restoration project in Indonesia (19:48)
Restoring land and supporting communities – Chee Wee shares his work on a nature restoration project in Indonesia, converting palm oil plots into sustainable land that benefits both local communities and biodiversity.

Podcast conclusion (21:10)
Final thoughts on sustainable finance – Natasha thanks Chee Wee for his insights and highlights how GGC’s courses and consulting services can help individuals further their sustainability journey.

Connect with GGC Insights (21:17)
Stay connected – Information on how to connect with GGC Insights via social media and their website is provided.

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