Stranded Assets
Asia Starts Its Journey Out of the ESG ‘Desert’
The fastest growing region for ESG debt issuance has come a long way in three years, but work still needs to be done to ensure the credibility of green finance products.
Photovoltaic panels at Eurus Rokkasho Solar Park in Rokkasho Village, Aomori Prefecture, Japan in October 2021.
Photographer: Sorichiro Koriyama/BloombergThis article is for subscribers only.
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Hiro Mizuno, former chief investment officer of Japan’s GPIF, the world’s largest pension fund, has recounted how Kofi Annan once said to him that Asian nations were a “desert” of responsible financing.