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GLBO 2021 insights: ESG

How ESG has become central to the legal, corporate and financial risk profile for every organisation and its corporate purpose.

16 November 2021

Publication

ESG

ESG is now central to the legal, corporate, and financial risk profile for every organisation and its corporate purpose. That's why we held many ESG related sessions at our recent Global legal and business outlook 2021. Listen to our podcasts below and read our key takeaways and quotes.

Jamie Allen, Secretary General - Asian Corporate Governance Association

"In contrast to 5-10 years ago, investors see E and S risk as real and capable of having a tangible impact on valuations. They have long seen G risk as real. This group has increasingly included Asian domestic asset owners/managers. We are not just talking about foreign investors."

Grace Chong, Of Counsel

"Many asset managers have global teams responsible for ESG considerations … do not assume that practices/requirements adopted in one jurisdiction will work in another and start early on your implementation projects."

Key takeaways

  1. Asia: ESG has risen as rapidly up the government policy agenda in Asia as in the ROW rest of the world. Catalysts include the GFC of 2007-8; climate change; income equality; and now Covid.

  2. ESG and finance: The impact for managers with non-ESG funds, or those who would prefer to stay out of the SFDR is currently quite limited.

  3. Global ESG: A challenge experienced in ESG financial regulation in Asia relates to the local implementation of global ESG strategies and practices. Ensuring that international ESG practices fit local fund requirements, needs and practices will be crucial in the future. Read ESG beyond the E - the rise of stakeholder governance.

Louise Wolfson, Consultant

"Is ESG a workstream or is it an intrinsic part of everything we do? This is a question the board must ask itself."

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

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