On January 14, 2019 Asia Asset Management reported that the “Asian Infrastructure Investment Bank (AIIB) is setting up a US$500 million portfolio to purchase bonds issued to finance sustainable infrastructure investments, including debt that conform with environmental, social and governance (ESG) criteria.
The China-led multilateral development bank hopes that the move will help develop the ESG market in emerging Asia.”
In a statement released on January 9, 2019 AIIB Vice Chairman and Chief Investment Officer D. J. Pandian noted that integrating ESG standards into capital markets in emerging Asia will help build capacity for responsible investing, which “is necessary if we are going to build a sustainable future.”
You may read the article on the Asia Asset Management internet site.