ESG Magnates Pour Money Into Asia as Rest of Developing World Lags Bloomberg 2/22/2021 Selcuk Gokoluk and Livia Yap (Bloomberg) -- The emergence of Asia, led by China, as the economic power house of the post-Covid world has just entered another dimension: ESG dominance. The world’s second-largest economy and its Asian peers cornered 75 cents out of each dollar of capital invested in 2020 across emerging-market stocks compliant with environmental, social and governance norms, according to EPFR Global data. The balance is shifting further in the region’s favor this year, with its share growing to 83.33 cents per dollar. Asian nations are already the stand-out choice of global equity investors as the region has had relative success in containing the pandemic and is set to grow faster than the rest of the world in 2021. Adding to that advantage is the appeal of fast-growing technology companies such as Tencent Holdings Ltd. and Alibaba Group Holdings Ltd., whose carbon-light digital businesses outscore the commodity and energy producers of Latin America, the Middle East, Africa and Russia on ESG metrics.