Green taxonomies take centre stage – IFLR’s ESG Asia Report 2022 launched

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As Asian governments increasingly introduce frameworks for classifying and encouraging sustainable investment, IFLR partners with leading experts to publish a second edition of the ESG Asia Report

The movement to include ESG issues in the global finance world is gathering steam. Spurred on by the 26th United Nations Climate Change conference (COP26) in 2021, governments are launching green taxonomy frameworks and reporting schemes to encourage sustainable investment.

In this report, the authors from Cyril Amarchand Mangaldas write about green deposit schemes in India, and how promoting and regulating them will be crucial for attracting offshore investors.

Across the Bay of Bengal in Singapore, Eng and Co discuss how company directors are feeling the pressure from shareholders and wider society to prioritise environmental concerns. The Monetary Authority of Singapore is also moving in this direction, with new guidelines on environmental risk management, as the authors from Shook Lin & Bok discuss.

Meanwhile, PwC Indonesia comments on Indonesia’s Green Taxonomy, which provides a framework for classifying environmentally positive investment.

As Shin & Kim discuss, South Korea also introduced a green taxonomy, called the K-Taxonomy, at the end of 2021, pointing to a growing focus on ESG due diligence in Asia. Also in this report, Yoon & Yang analyse how the measurement and evaluation of ESG impact is evolving in South Korea.

At the same time, business and human rights are top of the agenda in South Korea, as the authors from Jipyong explain. ESG ratings agencies are factoring human rights into their assessments to an increasing degree.

Completing the report, YKVN discuss how Vietnam is catching up with global ESG trends, as the country acts to honour its domestic and international commitments to create a green economy.

We hope that you enjoy this report from the experts leading the discussion on law and ESG issues in Asia.

Click here to read all the chapters from IFLR ESG Asia Report 2022

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