“By way of contrast, a number of developed markets where funds have significant equity exposures exhibit significant current account deficits, such as in the US, and unfavourable demographics due to an aging population, such as in Japan and Europe… coupled with a large public and private sector debt overhang, may lead to a weaker economic outlook in the near term as households and governments seek to de-leverage and save more,” said Chee.
Investments
ASFI’s sustainable finance taxonomy was meant to make greenwashing harder. But with the framework now being piloted by a slew of asset owners, banks and rating houses, there are lingering questions as to whether it does the opposite.
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