"To achieve net zero by 2050, business practices cannot remain the same." Globally, greenwashing is in the spotlight, with U.N. experts issuing a warning at last year's COP27 climate summit about its prevalence, and new standards on environmental, social and governance (ESG) credentials currently under consideration by an international body. In Asia-Pacific, where research shows growing ESG investment and public appetite for environmentally-friendly products, an Australian regulator has launched its first greenwashing case against a pension fund, while Hong Kong and Singapore are vying to be the region's green finance hubs with stricter ESG rules.
A majority of Local Government Pension Scheme (LGPS) professionals would like to see increased investment in health as part of investment in social infrastructure, research from Alpha Real Capital (ARC) has found.