“We have seen the quantity of asset below administration devoted to ESG investing double within the final yr,” mentioned Elaine Wu.

“We count on that to double once more, in Asia, for the approaching yr,” she informed CNBC’s “Capital Connection” on Monday.

Two causes account for the expansion in sustainable funding funds, in keeping with Wu.

The primary is that regulators in Asia are requiring public firms to reveal their ESG information. Second, pension funds and endowment funds are requesting that their asset managers take ESG components into consideration throughout the funding course of.

“We expect that is going to proceed for the remainder of the area,” she mentioned.

Wu additionally weighed in on key traits in sustainable investments in Asia.

“What you are going to see is the ‘E’ pillar of ESG … gaining significance,” she mentioned referring to the environmental standards.

Wu identified that South Korea, Japan and China have made commitments to realize web zero carbon emissions — China has focused to succeed in carbon neutrality by 2060.

“That is going to create an enormous shift in the way in which China makes use of power,” she mentioned. The nation might want to minimize down its reliance on coal from round 60% to round 2% or 3%, she mentioned.

“Instead, we’ll see renewable energy capability rising by folds,” she mentioned.

“Inside renewable energy, solar energy technology goes to be doubling within the subsequent 5 years,” she predicted.