If policymakers and ESG proponents fail to ensure that the ESG agenda is equitable and credible – directly benefiting working class and rural communities – the credibility of ESG will deteriorate further.
How the region’s populations view decarbonisation as the energy transition occurs can inform stronger leadership and better policymaking at the elite level.
It is risky to assume the many high-level standard-setting initiatives today can provide blanket improvements. Asian businesses all have a part to play to create a trusted carbon market that benefits climate, nature and stakeholders.