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Asia Inches Ahead of North America on Climate-Risk Reporting

The region’s companies lead their North America peers on some metrics as major Asian economies pledge to cut emissions

Olam International Ltd., one of the Asia’s biggest agricultural companies whose products are displayed at their Singapore office, was an early mover on climate-risk reporting.

Olam International Ltd., one of the Asia’s biggest agricultural companies whose products are displayed at their Singapore office, was an early mover on climate-risk reporting.

Photographer: Nicky Loh/Bloomberg
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From his perch as chief administrative officer at CLP Holdings Ltd., one of Asia’s biggest electricity generators, David Simmonds has seen a sea change in how investors engage with the region’s companies on climate risk.

A decade ago, only those with an environmental agenda asked about it. It then evolved to pension funds responding to concerns from their members, moved to sovereign wealth funds and finally—around two years ago—became very much a mainstream issue.