When Peter Zaman was hired by Holman Fenwick Willan in 2021, his role as a climate finance and environmental products expert was clearly aligned with the firm’s energy, commodities, aerospace, shipping, construction and insurance sectors in Asia. All of these sectors deal heavily with fossil fuels, indicating a problem that Zaman, a former partner at Reed Smith and Clifford Chance, aims to tackle through an emphasis on environmental, social, and governance (ESG) criteria.
However, the varying stages of ESG implementation throughout Asia, coupled with the lack of alternative resources and unclear government regulations and policies, provide significant challenges for companies in the region. Navigating this new landscape of sustainability will be a test of adaptability for both existing firms and new entrants into these markets. Further details can be found here.