AIGCC is pleased to join World Benchmarking Alliance's Investing Sustainably in Emerging Markets initiative. WBA and AIGCC are aligned in our collective mission to encourage all investors to adopt sustainable investing practices, while considering the various development stages across emerging markets and developing economies (EMDEs). Asia has some of the largest emerging markets globally and Asian investor perspectives should continue to form one of the foundations in global climate action. It is also crucial that EMDEs, home to majority of global population, are not overlooked in the global transition to a low-carbon economy. Several of our investor members have already expressed support in enhancing our EMDE strategy. We look forward to collaborating with WBA to mobilise capital towards sustainable development and mitigate climate risk. Monica B. . . . #EMDE #climaterisk #WBA #lowcarbon #globalclimateaction #climateaction #emergingmarkets #sustainableinvesting #sustainabledevelopment
We are thrilled to announce that Asia Investor Group on Climate Change (AIGCC) has joined our Investing Sustainably in Emerging Markets initiative. Together with a group of asset owners, asset managers and other investor groups, we joined forces to call on asset managers to ensure their approach to #ESG is aligned with sustainable investment in emerging markets and developing economies (EMDEs) and does not inadvertently lead to divestment from these regions. EMDEs contribute over half of global GDP and are home to 85% of the population. By 2050, six of the seven largest economies will be EMDEs. However, sustainability related policies may unintentionally discourage investment in these vital regions. We are collaborating to address this issue in the following ways: 🔹 Developing best practice examples to help asset managers avoid inadvertent sustainability-related divestment from EMDEs; 🔹 Raising awareness and enhancing understanding of the current landscape, including challenges and potential solutions; 🔹 Assessing asset managers on this issue as part of our next Financial System Benchmark publication in January 2025. Find out more about our call to action: https://bit.ly/FSB-EMDE #SustainableInvesting #EmergingMarkets #FinancialSystemBenchmark
