Home News Environmental, Social and Governance

Work towards Asian tailored solutions in climate investing, experts urge

Chloe Lim
Chloe Lim7/28/2022 10:45 PM GMT+08  • 9 min read
Work towards Asian tailored solutions in climate investing, experts urge
At the conference, speakers called for organisations to work towards solutions that will better support the region. Photo: AVPN
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The need for environmentally and socially conscious investing has never come at a more important and critical time, especially in Asia. A recent study by British oil and gas company BP found that Asia accounted for 52% of global carbon dioxide emissions in 2021. This did not come without consequences, as the region continued to face some of the harshest effects of climate change globally, with over 57 million people in Asia last year severely affected by climate-related disasters.

This is compounded by a huge funding gap for climate action and sustainability efforts in the Asia Pacific region, considering the need of US$1.3 trillion ($1.7 trillion) for green financing in Southeast Asia alone. “Sustainability is at the core of Asia Venture Philanthropy Network’s (AVPN) mission,” says AVPN CEO Naina Batra, speaking at the non-profit incubator’s 2022 conference held in Bali from June 21 to 24 with the theme “The Asian Decade”.

At the conference, speakers called for organisations from a wide range of sectors, be it business development or endowment funding, to work towards Asia-tailored solutions to better support the rise of the region. “We hope to work even more vigorously to unlock capital more effectively towards climate solutions”, adds Batra, as she looks forward to network members for ideas, projects, financing and in-kind support.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.