China has its own green taxonomies. So Ping An has devised a framework that finally compares apples with apples.
When it comes to green investment destinations, G20 Apac countries lag behind their peers due to weak governmental policies as well as general investor reluctance, among other factors.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The National Green Development Fund is on a hiring spree and will set up a new investment management unit, a source revealed.