Asian investors turning up the gas on fossil fuels
Asian investors are favouring engagement over divestment in their ESG journeys as fossil fuels show there's still plenty of power left in the sector.
Faced with the ESG onslaught, fossil fuel might be down but they're definitely not out in the emerging economies of the Asia Pacific where investors are seeing energy sector allocation to traditional fuels as a conduit to sustainable energy production.
“Gas is currently a useful fuel to support the transition to renewables. We don’t believe in divestiture, we believe in engagement,” Troy Rieck, CIO of LGIAsuper told AsianInvestor.
The Australian super fund is a case in point.
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