找尋ESG在中國的投資前景

亞洲企業的環境、社會及管治（ESG）披露或許仍有改善空間，但區內氣候智慧型（climate-smart）投資潛力並不落於其他市場之後。根據國際金融協會（Institute of International Finance）的計算，新興市場合計提供23兆美元的氣候智慧型投資機會，而新興亞洲市場佔當中超過80%，並以中國的比例佔最大。瀚亞投資（新加坡）固定收益投資組合經理吳榮仁對此並不感到意外。他指出作為全球最大的化石燃料使用國及最大的汽車市場，中國致力轉型至可再生能源和電動車具有重大意義。另一方面，瀚亞投資（上海）股票部主管齊晧相信，政策支持和監管變動有助改善中國的ESG資訊披露，假以時日將營造一個更重視ESG股票投資的環境。

屆時，具備當地市場知識將是關鍵因素，以解讀企業披露及為投資決定提供指引。

至於亞洲地區，吳榮仁指出電動車生產商和可再生能源公司已增發債券集資。然而，除了運輸和可再生能源業，我們相信投資人亦可注視有望展現豐厚綠色投資潛力的房地產（新型綠色建築）及電力輸送業。

2016年至2030年氣候智慧型投資潛力（百萬美元）

2016年至2030年氣候智慧型投資潛力（百萬美元） 

資料來源：國際金融公司。《新興市場氣候投資機會》。

瀚亞投資。*包括菲律賓、越南、印尼、孟加拉和印度。

Sources:
1亞洲的氣候風險和對策（Climate risk and response in Asia），麥肯錫全球研究院，2020年11月。
2滿足亞洲基建需求（Meeting Asia’s Infrastructure Needs）。亞洲開發銀行，2017年。
3https://www.dw.com/en/south-korea-leads-charge-toward-electric-vehicles/av-55182362
4https://www.channelnewsasia.com/news/business/china-electric-vehicle-start-ups-race-for-leading-position-13822952
5經濟學人信息部。可持續發展與實行：亞洲氣候與社會挑戰的ESG研究（Sustainable and actionable: An ESG study of climate and social challenges for Asia），2020年。
6從ESG角度挑選基金經理 – Mercer的觀點（ESG in manager selection – Mercer’s perspective），2021年1月。
7經濟學人信息部。Green Intelligence：亞洲的ESG投資、數據完整性和科技（Asia’s ESG investing, data Integrity and technology），2019年。
8晨星全球可持續基金資金流報告，2021年1月。
 
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