Impact investing is gaining in popularity across the globe, but a lack of harmonised environmental, social and governance ESG data, regulations and standards pose barriers to its development in Asia, a BNP Paribas survey suggested.
“Asia Pacific Apac is behind Europe, which has already integrated broader ESG topics such as inequalities and biodiversity. But it is ahead of North America which is highly fragmented over this topic,” Jules Bottlaender, Apac head of sustainable finance at BNP Paribas securities services, told FinanceAsia.
So far 41% of global investors recognise a net zero commitment as their priority, while in Apac, 43% have set a due date...
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