Singapore’s financial regulator and central bank is ramping up its drive to become a sustainable investment hub and has chosen the recipients of new mandates in this area.
The past year has seen something of a growth spurt for green bonds, with the market heading toward the $1 trillion milestone, according to data from the Climate Bonds Initiative and Bloomberg. It has also seen the emergence of social bonds, used for social investments with aims such as expanding access to healthcare and education. As well as significant government bond launches, there has been increased issuance from the corporate sector and from a wider range of businesses and industries.
The concept of incorporating environmental, social and governance principles into investment strategies is gradually gaining traction among Asia's larger institutions.
Gregory Heibel, a partner in the emerging companies group of Orrick, Herrington & Sutcliffe, explains how clean technology may be coming back in vogue in Asia.
If asset managers and owners in Asia are to incorporate climate risk into their investment modelling processes, they will need more regulatory certainty on the issue, say consultants.
Jadeite Capital, the new Asian long/short fund run by New York-based Greg Jones, receives some seed money.