ESG Magnates Pour Money Into Asia as Rest of Developing World Lags
- Asia gains 83 cents of each dollar flowing into EM ESG stocks
- Tech giants in China and peers add to region’s ESG appeal
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The emergence of Asia, led by China, as the economic power house of the post-Covid world has just entered another dimension: ESG dominance.
The world’s second-largest economy and its Asian peers cornered 75 cents out of each dollar of capital invested in 2020 across emerging-market stocks compliant with environmental, social and governance norms, according to EPFR Global data. The balance is shifting further in the region’s favor this year, with its share growing to 83.33 cents per dollar.