Institutions pull back on climate action as regulations intensify
Pressure is being brought to bear on global institutional investors as the full implications of sustainability reporting become clear.
The ESG (environment, social and governance) backlash has kicked up a gear, with resistance to more stringent investor reporting and engagement requirements resulting in significant pushback by global and regional players.
As AsianInvestor has reported, new rules are creating greater clarity for investor-focused sustainability reporting.
Yet as investors get to grips with the practicalities of their reporting requirements, the enormity of the task is forcing some to retreat from…
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