This first issue argues why environmental and social issues are as relevant in the East as they are in the West, perhaps even more so. Businesses, investors, and governments are quickly catching up as they recognize that transformation towards a more sustainable economy presents a unique opportunity.
Dear customer, we are sorry but your browser doesn't support all necessary features for good site view. Please switch to one of the modern browsers (Chrome, Safari, Firefox).
Home Credit
21/10/2022
Sustainability in the Asian Century (September 2022)
Sustainability in Asia
Introduction
Emerging and developing Asian economies are the fastest growing region globally. Home to two of the world’s most populous countries and serving as the manufacturing hub for the world, Asia will be critical for the success of global climate mitigation and adaptation in the coming decades.
Businesses
Asia as a key player in global supply chains
Asia plays a key role in global supply chains. When the pandemic disrupted their smooth operation, the scale of the impact on the global economy became very clear. Improved management of environmental, social, and governance risks promises a remedy. A big push for it comes from the West.
Investors
ESG investment in Asia is still in its infancy
Unlike the adoption of climate targets in business strategies, ESG investment in Asia is still in its infancy. Some of the main obstacles are the lack of a robust enough framework, a proper taxonomy or investment philosophy processes.
In Europe and the US, it took years before the infrastructure was ripe to take off. There is a lack of ESG specialization among Asian asset managers and even more so, among retail investors.
Experience from Home Credit
Financial inclusion as a corner stone
The corner stone of our sustainable strategy is financial inclusion. Already since the very beginning, the founders of Home Credit realized that to build a sustainable business, you need a sustainable business proposition.
From the beginning Home Credit understood that financial inclusion must go hand in hand with financial literacy. Thanks to digitalization, the need for financial and digital literacy has increased even more. A whole range of financial services, from credit to investment, has become accessible to a wider spectrum of customers.
Share on social networks