Asian fund managers trail far behind their European counterparts in addressing environmental, social and governance risks, the World Wide Fund for Nature Singapore has said.
The shortcomings were found in taking nature-based risks into account, as well as disclosure of responsible investing actions and governance.
Chinese asset managers’ ESG efforts were particularly lacking, with their average assessment score actually declining from last year, according to the WWF’s 2022 Respond assessment report, which calls for improvements so that resilient and sustainable portfolios can better protect nature and drive decarbonisation.
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