Rockefeller Foundation: More Investable Products for Catalytic Capital Needed

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When it comes to environmental, social, and governance (ESG) issues, retail investors are starting to take notice.

"There is a continued mainstreaming of ESG (environment, social, and governance) and impact and there is increasing appetite from retail investors, which is leading to increasing product innovation and more engagement from mainstream financial institutions," Deepali Khanna, vice president of the Asia regional office at the Rockefeller Foundation, tells AsianInvestor.

"However, a persistent lack of investable products, along with hesitancy from private investors is creating a mismatch between commitments and deployment," she adds.

"There is also continued underinvestment in sectors and geographies where perceived risk is high," Khanna says, noting the foundation will invest more than $1 billion over the next five years to advance the global climate transition agenda.

What's more, Khanna says climate change continues to dominate ESG discussions, with racial equity at the top of the list of issues.

The Hong Kong Stock Exchange's recently proposed climate disclosures for all issuers, for instance, "broadly expected to improve ESG data quality and likely to also become the toughest ESG requirements across the Asia Pacific," Khanna says.

AsianInvestor notes the uncertain global economic outlook could affect catalytic and impact capital flows in the

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