Responsible Investor: Complaint centres on UBS’ exposure to surveillance firm Hikvision. [Full article available to Responsible Investor subscribers.]
Yahoo! Finance: Malaysia’s largest pension fund aims to make all its investments based on environmental, social and governance practices by 2030, betting a strategy based on holding sustainable assets can make it more resilient against future market upheavals.
The Asset: Top industry executives cite lack of relevant data, difficulty of translating carbon metrics into financial impact.
BNN Bloomberg: China is set to post the fastest growth in Asia for environmental, social and government investments after the country boosted exchange-traded fund assets 18-fold in the past two years, according to estimates from Bloomberg Intelligence.
Reuters: The board of directors of Malaysian firm Top Glove Corp, the world’s largest maker of medical grade gloves, has failed egregiously in protecting its workers from COVID-19, U.S. investor BlackRock said, calling for its removal.
The Asset: Driven by its rising power demand, Vietnam has become one of the largest and fastest-growing renewable energy markets in Southeast Asia, and Thai companies are acting swiftly to take advantage of the vast opportunities in the country.
Bloomberg: Asia will need all the help it can get next year from more financing for environmental, social and governance projects, after recently setting some of the world’s most ambitious goals to end carbon emissions. [Full article available to Bloomberg subscribers.]
The Asset: As large asset owners in Asia-Pacific markets implement environmental, social and governance (ESG) factors into their investment processes, their expectations of asset managers to go deeper in their ESG implementation practices are also growing, according to a new report.
BNN Bloomberg: Shareholders of India’s largest bank are raising concerns about a proposed loan to Adani Enterprises Ltd. to help fund the opening of the controversial Carmichael coal mine in northern Australia.
Citywire Selector: Growing engagement between investors and companies in the A-share market appears to have resulted in improved disclosure, according to a study by Fidelity.