ESG investing is on the rise
While Asia once lagged Europe in many environmental,
social and governance (ESG) issues, an increasing number
of governments and corporations in Asia are paying close
attention to ESG factors. We believe that this shift will gain
momentum as the region’s markets continue to develop.
On the other hand, insurance companies have developed and re-defined themselves and their capital investments to cope with changes in the conditions in capital markets. In doing so, they have taken new and sometimes innovative paths to fulfill their product claim, i.e. to generate the guaranteed rate of return for their customers, the policyholders, and ideally a respectable surplus return.
- In Japan, Prime Minister Shinzo Abe’s government and major pension funds are pressing for improved diversity, shareholder representation and management accountability.
- China is changing its “growth at any cost” model of the last 25 years; President Xi Jinping knows the importance of delivering better living standards and a cleaner environment.
- South Korea is also making progress on its ESG journey, making efforts to address all-too-common management scandals and bribery issues.
- India still relies on domestic coal, but is keenly aware
of the unpopular costs of growth at the expense of the
environment, particularly given the country’s large