The NGO's election of a Japanese insurer board member promises to improve ESG stewardship in fixed income, plus bridge the gap between investors and policymakers.
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 firm's Asia-Pacific chief executive puts the closure – which follows that of Standard Life in July – down to the business failing to achieve sufficient scale and profitability.