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1 Represents responsible investments managed by MIM at estimated fair value as of December 31, 2022. 2 For definitions of responsible investments, impact investments and greeninvestments, please see pages 96 and 97 of the Sustainability Report PDF. 3 Annual investments in 2022.
Christy Owen is Pact’s Thailand country director and chief of party for USAID GreenInvest Asia , which helps agriculture and forestry businesses in Southeast Asia to improve their sustainable commodity production and sourcing, as well as manage environmental risks.
Meanwhile, most people – 79% overall and 90% of investors under age 45 – say they want to invest in socially and environmentally friendly ways. Each ESG rating provider uses its own arcane definitions, metrics and systems, generally without regulatory oversight, rendering comparability nearly impossible.
This means that the entirely predictable and necessary Ratchet-driven call post-2025 for increased policy and significant uplift of global investment into clean energy and clean technology systems must be heeded with a tagline of ’we really mean it this time’. But critically there are two other areas which have been pushed to the background.
The rise of taxonomies of sustainable activities reflects a recognition from policymakers that global financial markets depend on a shared classification system if they are to identify ‘green’ investment opportunities. It is the lack of clear definitions that is slowing progress [in agreeing taxonomies].”.
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