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November 25, 2008
EDITORIAL
 

ASrIA strengthens its team in Hong Kong with a new Executive Director and Development Director. The effects of the global financial crisis on sustainable finance and how Asian countries may spend their expected stimulus packages are investigated. The World Bank President provides a concise overview of the global carbon markets.

 
ASrIA NEWS

 
  ASrIA strengthens Hong Kong team  
   

ASrIA has appointed Claire McLetchie as Executive Director and Wai-Shin Chan as Development Director. ‘Asian Investor’ has a write-up about the recent appointments here.

 
       
  ASrIA Executive Director addresses CSR summit  
    Claire discusses the increasing inclusion of ESG criteria in investment screening in Asian  
       
  ASrIA's Carbon Disclosure Report discusses response rates, risk of weather effects and wait-and-see attitude  
    Sponsored by Merrill Lynch, the 2008 report launch had speakers from CDP, ASrIA and Merrill Lynch  
       
  Taiwan launch of ASrIA's Carbon Disclosure Report highlights leadership of Taiwan's electronic sector  
    Sponsored by Acer and supported by the Taipei Computer Association and the British Trade and Cultural Office, Taiwan, the event was co-organised by BCSD Taiwan and ASrIA  
       
  Korea Launch of the Carbon Disclosure Project  
    A Korean CDP report, primarily authored by ASrIA, was launched in Seoul at an event sponsored by Eco-Frontier  
       
  Joint ASrIA, HKVCPEA and HKICPA Seminar: Sustainable Investment Strategies for Private Equity in China  
    The seminar discussed criteria, methods to address issues, and case studies on sustainable investments  
       
SUSTAINABLE FINANCE NEWS

       
  Sustainable finance is not a manifesto for saving the planet, it's a tool for better assessing risk  
    The most  hard-headed commercially-minded asset managers are talking about a new form of investment process, including a checklist more usually associated with Greenpeace or Oxfam  
       
  Looking for scapegoats leads nowhere, and that's exactly what is happening  
    Jon Entine, adjunct fellow at the American Enterprise Institute, cautions that calls for socially responsible investing to lead us out of the financial crisis needs to be critically analyzed  
       
  How can trust be restored in markets generally?  
    UN Global Compact publishes an open letter to draw commentary on the future direction of the business community  
       
  Analysts surprised at the size of China's stimulus package  
    China announces RMB 4 trillion (US$ 586 billion) stimulus package.  But the central government only to fund a quarter of that amount, as the WSJ reports 
 
       
  'New Green Deal' secures backing of George Soros  
    George Soros argues that the best possible response to the unprecedented size and scope of the current economic crisis is to invest heavily in green technologies. (Includes video excerpt)  
       
  Do you know how to avoid a 'U-shaped' recession?  
    Deutsche Asset Management Research calls for more ‘Green' infrastructure. ‘Investing in Climate Change 2009 -- Necessity and Opportunity in Turbulent Times' details how to turn lemons into lemonade  
       
  Can renewable energy now have a seat at the table?  
    Renewable energies receive support as countries team-up to establish the International Renewable Energy Agency (IRENA)  
       
  FTSE Group expands Environmental Opportunities Index Series  
    ASrIA member FTSE adds nine new indices, covering renewable energy, water tech, energy efficiency and waste  
       
  Despite market volatility, China's growing demand for energy continues to draw investors  
    Several green-tech companies announce plans to fund renewable energy projects to meet growing demand  
       
  Responsible investing to be mainstream by 2015, say it ain't so…  
    Booz, Allen, Hamilton and Robeco predict Responsible Investing will become mainstream by 2015, accounting for 15-20% of total global assets under management  
       
  M&A deals turn a bit green with envy  
    Deloitte examines the importance of the role of sustainability in mergers and acquisitions, and how greater consideration of sustainability related issues can help improve deal success  
       
  Always wanted a basic understanding of the global carbon markets but never had the time?  
    World Bank President Robert Zoellick provides an overview of the global carbon markets for the busy financier and the challenges moving forward at a meeting in Bali last month  
       
  Our company wants to be a CSR leader; but how to develop an effective strategy?  
    ASrIA member, IFC and AccountAbility plan to assist companies in emerging markets to become CSR leaders. The new system will enable firms to build corporate-level strategies that support business development  
       
  Implementing the UN Principles for Responsible Investment just got easier  
    ASrIA member EIRIS launches a new toolkit for UN Principle for Responsible Investment (PRI) signatories designed to help asset owners and asset managers implement the PRI  
       
  Expect more extra-financial issues research in 2009  
    As environmental, social and governance (ESG) research slips in Asia, Enhanced Analytics Initiative (EAI) and PRI are establishing a research firm that will bring extra-financial issues to a wider audience of investors  
       
  ESG reporting for the financial services sector  
    Industry analysts have clamored for sector-specific ESG reporting. In that vein, GRI and UNEP-FI recently published the Financial Services Sector Supplement  
       
  It's time for the SEC to update its regulations to account for ESG risks  
    Fourteen of the largest U.S. institutional investors called on the SEC to require improved corporate climate risk disclosure and—for the first time—address a broader range of ESG risks in disclosure requirements  
       
  High-level report calls on Chinese banks to promote sustainable development  
    WWF and the People's Bank of China, China's central bank, publish a high-level report, calling on Chinese commercial banks to establish environmental reporting, assessment, management, and risk evaluation systems  
       
EVENTS

For a comprehensive listing of sustainable finance events in the region & globally, visit www.asria.org/news/conference
       
   

Citi-FT Financial Education Summit 2008

(ASrIA is an Endorsing Partner)

Beijing

Nov. 25-26, 2008

Forum for best practices in developing, delivering & evaluation financial literacy

 
       
PREVIOUS EVENTS

Event summary and presentations provided, where available.
       
   

Japan and ESG Investing: Dialogue with Shiseido and Update on Emerging Trends

London

Nov. 20, 2008

Opportunity to learn about key ESG & Corporate Governance developments in Japan

Social Responsibility in China: Trends & Innovations

Shenzhen

Nov. 19-20, 2008

Discusses new Contract Labour Law & worker engangement

Carbon Trade Asia

(ASrIA is a Supporting Partner)

Hong Kong

Nov. 18-19, 2008

Addresses investment opportunities in carbon market & development of CDM projects

Climate Change Negotiations Book Launch

Hong Kong

Nov. 10, 2008

Introduction to ESCAP's strategy in balancing energy security for Asian developing countries

Carbon Disclosure Project Taiwan Report Launch Event

Taiwan

Oct. 20, 2008

Successful launch of the first Taiwan CDP report, lauding Taiwan's electronic sector

Launch of ASrIA's Carbon Disclosure Report 2008 for Asia ex-Japan

Hong Kong

Sep. 30, 2008

Successful launch of the 2008 CDP report where 220 companies were surveyed

Joint ASrIA, HKVCPEA and HKICPA Seminar: Sustainable Investment Strategies for Private Equity in China

Hong Kong

Sep. 29, 2008

Discussed challenges facing private equity investors in China

 
       
 
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