Giant insurer AIA is inspiring other Hong Kong asset owners to bring their investment practices in line with the global trend.
Consistent with its pioneering role on governance issues, the fund is an early mover in offering information on its voting history, which is in line with best investment practice globally.
Investment executives say focusing on environmental, social and governance factors is beneficial for portfolios, but that better data is needed to convince Asian investors.
The United Nations’ Principles for Responsible Investment initiative is increasing its activity in Asia, putting on events in Indonesia, Singapore and Vietnam.
Corporate governance is attracting greater attention in Asia, but it may take longer for investors to focus on environmental and social factors, says Amanda McCluskey of First State Investments.