iEnterprise Foundation had the pleasure of attending the seminar “The Future of Trade? Dialogue on Supply Chain Due Diligence,” organized by the EU Office in Hong Kong and Macao. The seminar held significant importance as the European Commission proposed the directive on Corporate Sustainability Due Diligence (CSDD). It was an honour for iEnterprise Foundation to share the following perspectives during the event:

1. From Implicit Ethical Drive to Explicit Governance: Recognizing the importance of risk management, there has been a “push and pull” experience in both HKEX-ESG disclosure enhancement and the EU Directive on Corporate Sustainability Due Diligence (CSDD). Moving from an implicit ethical drive to explicit governance has become essential for organizations.
2. Enlightened Purpose of Capital: The focus has shifted towards investing for impacts along the supply chain, with the aim of achieving financial benefits while contributing to societal betterment. Understanding the broader implications of capital investment is crucial for sustainable trade practices.
3. Paradigm Shift to Coalition and Collaboration: The traditional approach of assessing individual “Cost and Benefit” has evolved into a paradigm shift where coalition and collaboration among various stakeholders are emphasized. By working together, we can address complex supply chain challenges effectively.
4. Corporate Leadership with a Purpose: The concept of corporate leadership has transformed from “Love your neighbour/labour” to “Love your enemy/activist.” Organizations are encouraged to demonstrate leadership by embracing a purpose-driven approach that considers the welfare of all stakeholders.

iEnterprise Foundation would like to express sincere thanks to the EU Office and, in particular, Walter van Hattum, Head of Trade and Economic Section, for their hospitality and for providing the opportunity to learn and exchange views. We also extend our gratitude to esteemed participants and thought leaders, including Tom Gnocchi, EU Ambassador to HK and Macao, Arjen van den Berg, Consul General of the Kingdom of Netherlands, Matthew Friedman, CEO of the Mekong Club, Myriam Mwizerwa, Head of the China Sub Office Hong Kong of the United Nations International Organization for Migration, Patrick Lau, Deputy CEO of HKTDC, Edwin Keh of HKRITA, Jennifer Chan, Chairman of DT Capital, Joyce Chau, Director Asia Pacific of AMFORI, Ernest C. GM Hong Kong of Philip Electronics, and Yvonne Ma.

iEnterprise Foundation remains committed to promoting sustainable trade practices and looks forward to continued collaboration with industry leaders to drive positive change in the global supply chain landscape.