ASrIA welcomes new Chairman of the Board Hong Kong, 20 April 2015 – The Association for Sustainable & Responsible Investment in Asia (ASrIA) is pleased to announce that Assaad W. Razzouk, Group Chief Executive and Co-Founder of Sindicatum Sustainable Resources, has been appointed as Chairman of the Board of Directors. Mr. Razzouk, who was a Director of the ASrIA Board and previously a Member of ASrIA’s Advisory Board, is a well-known clean energy entrepreneur, investor and commentator.
Jessica Robinson, ASrIA’s Chief Executive, said:
“We are really excited that Assaad has assumed the role of Chairman of ASrIA, ushering in a new and exciting chapter for the organization. Assaad has significant industry expertise and experience in the region and he will help us continue our leading role in bringing change to Asia’s financial markets. I am really looking forward to working with Assaad to define and direct ASrIA to achieving our ambitious goals, particularly this year when we are actively involved in pushing forward on the climate change agenda.”
Assaad W. Razzouk added:
“I am delighted to assume the Chairmanship of ASrIA because its mission is critical: Asia is at the forefront of the suffering from the impacts of climate change. Immediate action at scale is more than ever dependent on channeling private sector power. The task at hand is relatively modest: We need to channel $1 trillion a year to effect a global low-emissions transition, a modest sum compared to a global GDP of $70 trillion. ASrIA’s membership and mission place it at the forefront of advocating for sustainable finance to replace current financial models that ignore best practice on resource allocation, environmental protection and climate resilience”.
In addition, Alexandra Tracy and Tessa Tennant have stepped down from the Board of ASrIA after, respectively, 6 and 14 years of service. ASrIA is grateful for their leadership and contribution and looks forward to continuing to work with them in the future.
The Association for Sustainable and Responsible Investment in Asia (ASrIA) is the leading organization in Asia dedicated to promoting sustainable finance across the region. ASrIA plays a critical role – as a thought leader, convener and advocate – in facilitating Asia’s transformation to a sustainable future and encouraging thoughtful participation by governments, multilateral bodies, corporates, NGOs and financial institutions in addressing the challenges that Asia will face in the years ahead. For over 14 years, ASrIA has provided leadership, helped to build capacity and leveraged expertise to promote the development of sustainable financial markets and systems in Asia. ASrIA encourages financial innovation and disseminates global best practice on resource allocation, environmental protection and climate resilience.