Through a research-driven and stakeholder-inclusive approach, we create unbiased, thought-provoking content that inspires dialogue and engagement to foster broader systemic change.
Rigorous Research. Actionable Insights.
Through a research-driven and stakeholder-inclusive approach, we create unbiased, thought-provoking content that inspires dialogue and engagement to foster broader systemic change.
Asia's Transition to a Low-carbon Economy
First cross-discipline white paper in Asia, grounded in in-depth stakeholder research to explore the role of legal professionals in the transition to a low-carbon economy
A WHITE PAPER ON ESG AND THE LAW
The terms ESG (a shorthand for "Environmental, Social and Governance"), sustainability and decarbonisation are everywhere – but how are these terms used, are they used correctly and why is this important? How does the decarbonisation or net zero journey start? This paper tries to answer these questions informed by responses from stakeholders.
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Key Insights
Widespread confusion over the definitions of Environmental, Social and Corporate Governance (ESG) and sustainability was a major stumbling block for businesses and investors, affecting investment decisions and hampering the pace of transition to a low-carbon economy
“
I say ESG, and you say ESG. We think we know what the other person means. But we don't.
— General Counsel, a private investment fund management company headquartered in Hong Kong
What are the drivers and barriers for sustainable change?
Does ESG or decarbonisation matter? Relevant to investment decisions?
Transition to a low-carbon economy is inevitable
Investment is about return, including investing for impact and sustainable transition
Insufficient and poor quality of ESG disclosure blocks investment opportunities
No teeth in current regulations nor a clear transition blueprint
The conversation has pivoted from "if" to "how" and the debate from questioning the destination to navigating the journey, from ideology to action.
All of the interviewees agreed that a low-carbon transition was inevitable but were unclear on how to achieve the transition, how fast to go, how much to invest and how to do it profitably.
Case Study: Industry focus on charting the course towards zero-carbon shipping
Fuel of the future
is the top question for maritime industry
Collaboration
is key to bringing systemic change that benefits all
Unlocking the potential of legal services
Foresight
Legal services sector could offer more foresight on regulatory transition
Accountability of Scope 3 Emissions
Turning gestures of goodwill into fair and binding relations for emissions reduction accountability in the value chain
“
Everyone in the industry is talking about ESG. But, to be honest, I'm not sure I understand what it means fully. And I'm not sure others who talk about the term really know what it means.
— COO, a multi-asset investment firm rooted in Greater China
Research Design
Breakdown of Interviewees
“
Three to five years ago, I would say it might just be a spin, but not today. Today, I will say the shift is inevitable
— Executive Director, Asia Pacific, a leading international bank