Asia Members Meeting & Reception

25 April 2024

White & Case, CapitaSpring

More than 50 practitioners from across the private capital sector joined the GPCA Asia Members Quarterly Meeting on 25 April 2024 for an interactive discussion on sustainability accelerators in 2024, including Responsible AI, the year of elections, reporting and LP expectations. 

Key takeaways include:

  • In the year of elections, investors need to prepare for changes in government across the world. Nonetheless, the overall trend of the need for businesses to be a part of the solution to the climate crisis remains, offering potential opportunities for investments in new areas.
  • Beyond financial performance, LPs are looking for ways to tie carried interest to both financial return and impact outcomes.
  • Regulators such as those in Singapore are increasing regulatory demands for sustainability and transparency reporting.
  • Challenges in implementing AI sustainably include both environmental and social material factors. 
  • While blended finance can play an important role in achieving sustainability goals, financial outcomes are still important to demonstrate the growth potential of the climate sector beyond renewables. 

A huge thank you to our speakers David Katz, KKR, Jaclyn Seow, Openspace Ventures, Michael Tang, SGX RegCo and Jingyi Zhang, Asian Infrastructure Investment Bank for leading the discussion.