Capital from Gulf nations are shifting eastward and Asia is emerging a a key destination for green investment. But turning this momentum into lasting impact will require the region to address gaps in ESG reporting standards and rules.
The contributions of the world's biggest philanthropic foundations are important, but have unintentionally deterred more high net worth individuals from stepping up to give, says an executive from Asia's largest network of social investors.
It will be the foundation’s first office in Southeast Asia. Speaking at the annual Ecosperity conference convened by Singapore state investor Temasek, the American billionaire philanthropist also said the Trump-led pushback on climate will subside.
Studio EB
Amid escalating climate losses and no net zero goal in sight, a newly proposed Low Carbon Economy Investment Act and ambitious private sector-led initiatives only way for Philippine industries to decarbonise.