MoFo Partners Marcia Ellis and Susan Mac Cormac were quoted in a recent article by Benzinga News following the publication of MoFo’s Asia Funds ESG Report. MoFo’s inaugural Asia Funds ESG Report highlights the disconnect between increasing ESG awareness and embedding ESG into deals and operations. It also shows that the ESG framework provides opportunities for fund managers.
Marcia was quoted as saying, “Certainly, fund managers are re-evaluating their approach to ESG and almost all have at least started on their ESG journey. Every respondent on our survey says they take ESG criteria into account when making investment decisions, with more than two-thirds describing it as a deciding factor. However, Asia GPs are generally behind other areas of the world on ESG adoption and practice, and while significant progress has been made in the past few years, there is still a long way to go.”
“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 GPs 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,” added Susan Mac Cormac.
Read the full article.