Asia fails to follow Norge’s ethical investing lead
With Norway's sovereign wealth fund excluding Asian firms from its investment universe for ethical reasons, focus has switched to the region. But managers don't have high hopes for a surge in ethical Asian investing.
A move by the world’s largest institutional investor to exclude four Asian firms from its allocations has highlighted the lack of regional progress in implementing ethical investments.
While Europe has taken the lead in rolling out environmental, social and governance (ESG) policies, Asian investors continue to lag behind.
Norges Bank Investment Management, Norway’s sovereign wealth fund, announced on Monday (August 17) that it had removed Malaysia’s IJM Corp and Genting as well…
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