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Pension funds in Southeast Asia are getting serious about ESG Back in January, the then chief executive of Malaysia’s largest pension fund told Bloomberg TV that the fund plans to have all its investments comply with environmental, social and governance (ESG) criteria by 2030, describing it as a “. To continue reading this article, you need a subscription to view this article. Log in below or buy a subscription to enjoy unlimited access to www.asiaasset.com s quickly growing 7,000 article database. Log In to Access This Article Remember Me

Back injanuaryHe then chief executive of malaysia amp rsquos largest pension fund told bloomberg tv that the plans to have all its investments comply with environmentalOcial and governance esg criteria by 2030Escribing it asa amp ldquo vaccine rdquo against crises according to alizakri aliasHe employees provident fund epf believes esg investments can pay higher long term returns at lower risk amp ldquo we believe that is the vaccine for any crisesMp rdquo he said in an interview with bloomberg tv on january 26 amp ldquo when we look back at 2020Nd we look at assets that are esg compliantE found that even at the height of covidHey deteriorated ata much lower rate than the other assets amp rdquo alizakri has since left fund epf officials have been silent about esg plan his departureUt it appears very likely that the fund will stay course epf isn amp rsquot only southeast asian asset owner making such assessments about esg investmentsLthough only pension funds in malaysia and thailand have publicly talked about their sustainable investing plans these spent the past few years integrating esg consideration into investment processCcording to tan yi lingEad of institutional sales for southeast asia at fidelity international amp ldquo some them established dedicated sustainability or sustainable investing teams to develop their own policies and frameworksMp rdquo tan says in an interview with asia asset management the fact that pension funds are continuing to develop their sustainable investing focus is amp ldquo positive because they can help set benchmark for local investors follow suitHe adds amp nbsp the drivers esg has long beena buzzword in asset management circles investment concept been immensely popular westSpecially europe it amp rsquos basically about achieving long term sustainable returns by investing in companies that contribute positively to the environment and society practice good governance asia