A $59 trillion tailwind spurs governance changes in Asia firms

A surge in socially responsible investments to $59 trillion globally over the past decade is nudging Asian firms to change a notoriously insular management style to one that actively addresses corporate governance concerns.

As earnings growth and China’s economy slow, corporate executives are becoming more receptive to the investment messages from funds committed to Environmental, Social and Governance (ESG) principles.

That commitment can be measured in trillions of investment dollars – global investors who have signed the United Nations Principles for Responsible Investing (PRI) now own or manage $59 trillion, a surge from a mere $4 trillion in 2006, reflecting growing evidence that responsible investments translate to higher long-term returns. Read More…