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.
Financial Times: World’s second-largest economy has the worst ESG ratings of any major market. [Full article available to Financial Times subscribers.]
Asia Times: As the EU has already done, the ASEAN region can and must set a high bar to attract, retain and deploy ESG investment.
Financial Times: Asia’s fastest-growing market for debt billed as “socially responsible” has drawn criticism after data showed the vast majority of this funding has been raised for jobs and housing rather than the environment. [Full article available to Financial Times subscribers.]
Financial Times: In late June, a climate-related proposal set before the annual general shareholders’ meeting of Mizuho Financial Group was soundly rejected after receiving a little over a third of the votes cast. Yet defeats, say sustainability experts, have rarely been so revolutionary. [Full article available to Financial Times subscribers.]
Financial Times: When East Capital invests in a Chinese company, the asset manager runs through a checklist of 60 questions designed to gauge the target’s environmental, social and governance (ESG) credentials.
Financial Times: The all-male boards of hundreds of Japanese companies face a mass shaming this month as investors prepare to vote against the leadership of companies that do not have any female directors. [Full article available to Financial Times subscribers]