Green Venturing in Southeast Asia: A Generational Opportunity Not to be Missed

Marta Higuera Dave Sivaprasad Marc Schmidt Cornelis Steyn Vered Konijnendijk

November 12, 2021 saw the conclusion of the UN Climate Change Conference of the Parties (COP26) in Glasgow. As the exclusive consulting partner to COP26, BCG had unique insights and perspectives into the conversations that took place and what the outcomes mean for all of us. Major progress was made on multiple fronts at COP26, but the commitments and pledges made are still not enough to limit planet warming to the 1.5°C ambition struck in the Paris accord. Moreover, the pledges are still a long way from being translated into actionable frameworks, let alone regulations to force industry compliance. Net-zero by 2050 also requires a fundamental transformation of the global economy and new investment paradigm, with US$100 trillion in capital required—the largest amount invested in human history. UN envoy Mark Carney called it “the greatest commercial opportunity of our age.”

What does it mean for corporates to develop an investable business case to drive new growth through green venturing? What are the implications for corporates here in Southeast Asia—a region particularly vulnerable to the devastating impact of climate change? In this article, we explore four areas of opportunity for green venturing in the region.