At a recent press conference, Prime Minister Lee Hsien Loong remarked that climate change is the existential challenge of our time. This perspective is widely shared. Asian families increasingly tell us that they want to preserve wealth, and to do so in a way that ensures that future generations have a livable planet. As a result, many have turned to Environmental, Social and Governance ("ESG") investing, in particular, climate-themed investments - or climate investing.
The proliferation of climate investing, however, presents the issue of greenwashing - the over-representation of an investment's impact towards an environmental agenda. Unsurprisingly, this has now become a top-of-mind issue for...