A global survey finds that while Asian investors are highly concerned about climate risk, only one in five diligently look at Scope 3 emissions – which typically make up the bulk of a company’s emissions – when sizing up investments.
The UN-backed net-zero target validator started removing firms with commitments that did not make the grade early last year. Of 173 companies dropped from its list, Eco-Business found that 49 were based in Asia Pacific. Why is it so hard for firms to get science-based targets approved?
Despite major Asian banks, namely in Singapore and Japan, announcing coal exclusions in recent years, growing captive coal power in Indonesia and lax restrictions on corporate finance to developers offer new coal financing “havens”, a study finds.