No results found
Three months into the novel coronavirus crisis, it has become clear that ESG (Environmental, Social, Governance) investing is not about to be placed on the backburner during the pandemic. In the first quarter of 2020, a net US$40.5 billion went into funds scoring high on ESG criteria while traditional mutual and exchange-traded funds saw net outflows. Indeed, 94% of sustainable indices outperformed their parent benchmarks in the first quarter 2020, according to a BlackRock study.
When we do finally emerge from the COVID-19 crisis, the world will employ a magnifying glass to assess how businesses responded to the crisis – and the steps taken to recover and rebuild. Leaders are already recognizing that rebuilding a “new normal” affords businesses an opportunity to recover in a more responsible, sustainable and, ultimately, better way.
Rarely have the forces shaping Hong Kong’s fortunes tugged in such opposing directions. On the one side are the continuing street protests and on-again/off-again US-China trade war. On the opposite side are the city’s ambitions to serve as a hub for digital innovation. Pulling in yet other directions are forces driving integration of the economies of southern Chinese cities: forces that could lead to the rise of strong rivals to Hong Kong – or reinforce its role as gateway to the mainland.