Ideas for Developing Asia and the Pacific

Call for Papers on Environmental, Social, and Governance Investment: Opportunities and Risks for Asia


Environmental, Social, and Governance Investment: Opportunities and Risks for Asia
Asian Development Bank Institute and Association of Southeast Asian Nations (ASEAN)-JAPAN Centre
Tokyo, Japan

Investors are increasingly integrating environmental, social, and governance (ESG) issues into their investment decisions. Currently, more than half of managed assets in Europe are linked to ESG factors while in Japan, ESG investment grew 8.7 times between 2015-2018.

In principle, ESG investment could help to bridge the gap between profit-driven investment and economic and social sustainability in Asia and the Pacific. However, a number of challenges cloud the potential for ESG investment breakthroughs such as:

  • Unclear and varied sustainable investment criteria
  • Resource misallocation risk
  • Unclear paths to incorporating changing technology
  • Untested impacts on corporate values and social issues
  • Uncertain quality of non-financial data and lack of disclosure
  • ESG investment criteria discrepancies between developed and developing countries

ADBI and the ASEAN-Japan Centre welcome paper submissions exploring ESG investment benefits and risks, and its capacity to facilitate sustainable development in the region. Areas of interest include but are not limited to:

  • How ESG investment like impact investing and responsible lending affects the performance of corporate sectors, enterprise values, and social issues
  • How ESG factors affects government funding costs, FDI, and wealth generation
  • Quality and disclosure of non-financial data
  • Effectiveness of evaluation and quantitative analysis
  • Regulatory implications of ESG investment
  • How ESG investment could impact economic development in Asia and the Pacific

Submission Procedure

Authors should submit their full papers together with brief bios via this link.

Paper submission deadline: 20 September 2019.

Authors of selected papers will be notified by 10 October 2019. Papers will be selected by the project organizing committee.

Authors of selected papers will be invited to present them at a conference to spotlight ESG investment growth issues in Tokyo on 12-13 November, co-organized by ADBI and the ASEAN-Japan Centre.

ADBI will cover registration, flight, and hotel costs, plus a small lump-sum payment for one presenter per selected paper on condition that they are a citizen of an ADB member country.

Papers presented at the conference will be considered for publication as ADBI working papers and as part of an ADBI book.

Organizing Committee

  • Naoko Nemoto, Asian Development Bank Institute
  • Bihong Huang, Asian Development Bank Institute
  • Peter Morgan, Asian Development Bank Institute
  • Upalat Korwatanasakul, ASEAN-Japan Centre