Private sector collaborates with gov't for climate action

The private sector has expressed its commitment and readiness to fund sustainability projects to support the country’s climate goals.

- RICHMOND MERCURIO

SM Investments Corp. (SMIC) consultant and head of investor relations and sustainability Timothy Daniels said investors and fund managers around the world are increasingly considering sustainable project financing as a priority.

“Today, sustainable investing is a consideration, I would say, in almost all equity investments. And it is a very large opportunity,” he said.

Daniels said that as of 2020, Bloomberg estimated that there was as much as $30 trillion of assets allotted for specific environmental, social, governance (ESG) investing administered by fund managers globally.

The number is predicted to grow to as much as $40 trillion by the end of the decade.

Daniels said many fund and investment managers have sustainable projects, including ESG, at the top of mind when choosing which companies to partner with.

He said they consider ESG efforts as an indicator of a company’s health and viability.