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ESG Insights: Private Wealth

In conjunction with the launch of the firm’s ESG Practice, Senior Partner and ESG Team Member Tan Chong Huat shares his insights on how environmental, social and governance considerations are affecting the private wealth industry.

“It’s a no brainer for stakeholders in the private wealth industry to embrace ESG (Environment, Social and Governance) as the ESG precepts are aligned with and beneficial to wealth creation and preservation. “Sustainable Investing” as an investment approach considers ESG and not just the financial and business aspects. The current trends overwhelmingly favour investing into companies which demonstrate strong ESG credentials which not only deliver better performance in the long run but also will make a positive impact on our world.

With the growing global urgency on climate change heightened by the panic and suffering from the pandemic, ESG reporting will be enhanced, and more regulation and policies will be rolled out with a focus on growing threats to nature and biodiversity. Two such unstoppable trends will be increased Sustainability Investing into 1) sustainable and green bonds to enable the shift from climate mitigation to climate resilience and 2) energy and energy infrastructure sector to enable the evolvement from fossil fuels to an energy mix to achieve net zero emission or carbon neutrality.”

– Tan Chong Huat, Senior Partner and ESG Team Member

To learn more about our newly launched ESG practice, click here.