Jersey Finance says it will be using the findings of a new report exploring attitudes and approaches towards ESG and sustainability among the Asian wealth market to inform its strategy.
The report - ‘Asia’s HNW and UHNW Investors: the Growing Importance of ESG, Impact and Sustainability’ - published by Hubbis with the support of Jersey Finance found that greater global standardisation, more regulatory support, and enhanced understanding are vital for wealthy Asian investors to enjoy the full potential of ESG-driven investing.
Based on a survey of 112 wealth management leaders and decision-makers in Asia, the report found there is undoubtedly a rising tide of interest in ESG investing among Asia’s wealthy individuals and families. However, the sector is still in its infancy, with regulation, education and infrastructure all presenting obstacles for investors.
Among the key findings of the survey are:
“There is no doubt that private investors across the globe are paying increasing attention to ESG criteria, and we’re seeing that clearly being played out among the wealthiest investors in the Asian market," Joe Moynihan, Chief Executive Officer, Jersey Finance said.
“However, although there is an appetite to understand more about ESG investing and to allocate more to such investments over the coming decade with the growing input of the next generation, this is a long-term journey for the market. It is a sector that is still in its infancy in Asia. For private client investors to take the next step, there must be greater global standardisation, more regulatory support, greater understanding among those private investors, and more evidence that this will genuinely help their portfolios outperform as well as mitigate risks.
“As a jurisdiction with a long track record in the Asian private client space, Jersey has a clear vision of being recognised as the leading partner jurisdiction for sustainable finance in the Asian market. These insights will help inform our strategy as we continue to work with investors, advisers and key players such as private banks, and look to help private investors unlock the potential offered by ESG investments.”
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