The Philippines, Vietnam, Malaysia, and Thailand have named extreme weather as their top concern, putting it ahead of issues like unemployment and economic recession, a study by the ISEAS-Yusof Ishak Institute finds.
A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
On the first World Glacier Day, experts urge Asia's businesses and policymakers to act this decade to slow glacier loss and ice melt, which remains “out of sight, out of mind” despite the region's extreme vulnerability to rising sea levels.
China’s climate ambition at this year’s “two sessions”, which ended on 11 March, was relatively subdued, with analysts expecting economic concerns to trump climate action in the year ahead.