This report, in association with Morrison Foerster, features insights from 100 Asia-headquartered Fund General Partners (GPs) with USD$1 billion+ AUM on how environmental, social, and governance (ESG) considerations, along with broader sustainability concerns, are impacting their investments and the market.

Key findings include:

• 60% of GPs say an ESG + Sustainability committee now leads their sustainability efforts, up from 43% in 2023.
• Only 18% of GPs say LPs have raised concerns about their ESG + Sustainability policies, or implementation of these policies, down from 33% in 2023.
• 49% have rejected an investment after screening for ESG + Sustainability concerns, up from 23% in 2023.
• 92% GPs believe that positive metrics will drive up the valuation of a business, including 21% that describe this increase as significant.
• 51% say their committee is now focused solely on ESG matters.
• 25% of GPs say they have changed or slowed their ESG + Sustainability work as a result of recent pushback in the U.S.
• 91% of tech and tech-focused GPs say they or their portfolio companies have adopted responsible tech policies

The report is also available from mofo.com