Investors prepared to divest Southeast Asian businesses that lack climate transition plans

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Eco-Business 1d ago

Investors prepared to divest Southeast Asian businesses that lack climate transition plans - Eco-Business

Quick Summary:

A new climate guide for the region’s boards of directors warns of growing legal consequences for corporate stewards who fail to account for climate and sustainability-related risks.

This strategy should provide “a comprehensive plan outlining the steps they will take to achieve their net zero ambitions as well as interim emission reduction targets,” said PNB, which has a fund size of RM337 billion (US$76 billion) and is invested in some of Malaysia’s largest companies including Maybank and plantations firm SD Guthrie, formerly Sime Darby Plantations.

A new climate guide for the region’s boards of directors warns of growing legal consequences for corporate stewards who fail to account for climate and sustainability-related risks.