MoFo partners Vivian Yiu, Matthew Dunlap, Chen Zhu, and Stacey Sprenkel were quoted in a recent article byIgnitesfollowing the publication of MoFo’sAsia Funds ESG Report. The results of the survey of 100 Asia-based funds, each with US$1 billion+ assets under management, show that many Asia general partners (GPs) are far behind their global peers when it comes to ESG considerations.
In relation to the issue of greenwashing, Vivian Yiu and Matthew Dunlap are quoted as saying:
“More regulations are on their way in many Asian jurisdictions, which will help closer align the Asia markets to the E.U., U.K. and U.S.” “However, there is still a lot of ground to cover…”.
There is growing global pressure to consider ESG within supply chains and Chen Zhu and Stacey Sprenkel comment:
“Regulators in the U.S. and the E.U./U.K. are beginning to put the onus on companies to diligence their supply chains for various ESG issues. Companies and funds with portfolio companies operating in Asia must consider the current impact of these regulations on them and the requirements and restrictions imposed by Asian jurisdictions”.