Asia catches the sustainable investment bug… at last
In the aftermath of Donald Trump’s decision to pull the US out of the Paris Climate Accord at the beginning of this month, Asia’s political leaders were quick to commit themselves to meeting their targets under the landmark treaty. Maybe it’s time for Asian investors to join the sustainability party too?
Globally, funds with socially responsible mandates accounted for more than a quarter of the assets under management at the beginning of last year, or U$22.9 trillion. That followed an explosive 25.2% jump from 2014, according to the Global Sustainable Investment Review 2016.
Asia ex-Japan has been a latecomer to the trend, accounting for just 0.2% of global socially responsible investment (SRI) assets. SRI assets in the region still increased 15.7% from 2014 though and investors are counting on a lot more to come.