ESG message slowly getting through in Asia
Asian asset owners are gradually embracing the idea that environmental, social and governance strategies can be an effective form of risk control.
A culture focused on environment, social and governance (ESG) factors has been slow to emerge among Asian companies — perhaps with the exception of Japan. While investors in Europe or the US increasingly see the need to consider corporate behaviour as part of the requirements of fiduciary duty, in Asia this is often seen as something of a costly luxury.
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