Asia Pacific nations face mounting climate costs as the world crosses the 1.5°C threshold, with extreme weather driving inflation, disaster risks and a US$815 billion annual financing gap for adaptation and resilience.
The year is likely to see cooperation between China and the European Union become more important, but both sides will have to carefully navigate developments that could lead to more trade friction. Transition finance is expected to grow.
Clean energy transport firms NIO Inc, Yadea, Li Auto and XPeng surge in ranking of the region’s most sustainable companies, while Taiwanese corporates make their debut in Corporate Knights’ Global 100 Index.
It is the only region that has seen an increase in linking sustainability performance to executive pay, according to research by global advisory company WTW.