According to the most recent S&P Sustainability Quarterly Review[1], regional impacts of climate hazards differ significantly across regions, and are most pronounced in South Asia where 10%–18% of GDP is at risk. Impacts are also high for Central Asia, the Middle East and North Africa, and Sub-Saharan Africa.
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Regional impacts of climate hazards are most pronounced in South Asia
In this context, it is logical, that more Asian countries are now ramping up ESG regulation,[2] not only to tackle ESG risks but also because they hope to attract more sustainable investment. India and Indonesia are good examples.
[1] https://www.spglobal.com/esg/insights/featured/sustainability-journal/sustainability-q1_2022-144dpi-double-page-view.pdf
[2] https://esgclarity.com/asia-is-ramping-up-its-esg-regulation/
