Why Cathay Financial and CPPIB choose ESG engagement
Senior executives at the Taiwan financial group and Canadian pension fund believe that companies have to make an ESG transition, and may not have a choice in a few years.
Taiwan’s Cathay Financial Holdings and the Canada Pension Plan Investment Board (CPPIB) see more value in engaging with investee companies rather than divesting, said senior executives at the two asset owners.
“I feel sad that the whole world labels high emitters as guilt or something evil,” Sophia Cheng, chief investment officer of Cathay Financial Holdings said during a panel discussion during the first day of the Financing Climate Change virtual conference on Monday (June 21) …
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