ESG magnates pour money into Asia as rest of developing world lags


LONDON: The emergence of Asia, led by China, as the economic powerhouse of the post-Covid world has just entered another dimension: environmental, social and governance (ESG) dominance.

The world’s second-largest economy and its Asian peers cornered 75 cents out of each dollar of capital invested in 2020 across emerging-market stocks compliant with ESG norms, according to EPFR Global data.

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