Asian fund managers lag global peers in ESG due diligence on deals: poll

Suz Mac Cormac was quoted in The Business Times in their coverage of the Asia Funds ESG Report. They note that Asia-based fund managers had much to catch up on regarding ESG in compliance and M&A matters. The reporter also noted that including ESG clauses can mitigate potential accusations of greenwashing, an area where regulators are increasingly active. Suz made the case in the article that ESG should be considered a risk mitigation strategy.

She said, "Our findings reveal that many fund managers are still at an early stage of their ESG journey and this provides an opportunity for fund managers in Asia to get it right from the start. Many general partners are making the mistake of only treating ESG as a compliance issue – whereas the real benefits in embedding ESG considerations are in driving value, managing enterprise risk, and reporting.”

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