Last week, the UN released a report on climate change that shocked many people, but institutional investors who have been integrating ESG in their portfolio were not among them.
What can asset managers and other stakeholders in the country do to further drive sustainable investing, particularly among smaller asset owners, in the country?
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
The investment industry lacks coherent sustainability standards, which makes applying them harder, said officials at asset owners and fund houses from Japan, Malaysia and Korea.
The two investors' new JV underlines Temasek's commitment to carbon neutrality, but other sovereign wealth funds are unlikely to follow with their own venture capital investments.
A growing number of investors in the region are using climate-aligned allocation strategies, but they could do more. Few set environmental standards in mandates, for instance.