The primer contains key concepts and taxonomy, recent regulatory developments impacting Asia fund managers, and a checklist for developing an ESG strategy and roadmap.
AIMA (Alternative Investment Management Association) has published its ESG Primer for asset managers in Asia.
Sponsored by international law firm Simmons and Simmons, the primer is designed to be a useful resource for asset managers in Asia. It contains key concepts and taxonomy; recent ESG developments in Singapore, Hong Kong, and China; EU regulations and their implications for Asia-based asset managers; and a checklist for developing an ESG strategy and roadmap.
“AIMA seeks to support the alternative investment industry in ESG integration,” said Kher Sheng Lee, Managing Director, Co-Head of APAC and Deputy Global Head of Government Affairs for AIMA, which represents more than 2,000 alternative investment managers in over 60 countries.
“To that end, we have set up the APAC ESG Working Group, in partnership with Simmons & Simmons, which includes key ESG specialists and experts in the asset management industry across Asia and Europe.”
The APAC ESG Working Group focuses on regulatory engagement on emerging ESG regulations, providing guidance for asset managers thinking about integrating ESG considerations into hedge fund strategies, and fostering dialogue between members.
“This primer, which incorporates collective input obtained from leading regional managers, will be the first of future initiatives on this increasingly important topic,” Lee said.
Grace Chong, Of-Counsel at Simmons & Simmons JWS, noted the growing momentum and focus on ESG in Asia. “Several regional and national initiatives have been undertaken which set ESG concerns as a central basis of regulation in the financial services industry,” she said.
“We hope that the primer will be a useful resource for asset managers, so as to help them understand emerging developments in the ESG space, and facilitate meaningful conversations between asset managers, investors, and other stakeholders.”
The ESG Primer is available here.