The Netherlands’ largest pension asset manager stays on track with its Asia buildout, having hired 10 investment staff in the region this year.
Investors are actively driving sustainable practices in China through voting and engagement, but asset owners still lag asset managers in ESG practices.
Global trends and research overwhelmingly show that private equity firms regard ESG as of growing importance, with firms based in Europe leading the way. However, Asia Pacific is a notable hotspot in the growth of ESG-awareness in the private markets, with firms proactively seeking out initiatives to improve ESG performance. Liam Woods, Apex APAC Head of Business Development, reflects on these drivers of greater ESG prominence in 2020, predicting that 2021 will be the year in which ESG will become more than just a ‘box ticking’ exercise for private equity in Asia Pacific.
While most big Japanese insurers are maintaining their allocation to domestic stocks, Dai-ichi Life has said that it will slash its interest rate and equity risk by 20% by March 2024.