Global asset allocators flag limits to green lease adoption

Despite the growing adoption of green leases by institutional investors across Asia, investors and consultants have pointed to their limitations, and stressed the central role of Asia's regulators in driving binding requirements for building emissions. “Green leases are often somewhat tricky to enforce legally,” Nina Galbiati, senior manager at Norges Bank Investment Management, the asset management unit of the Norwegian central bank, which manages the Norwegian Government Pension…