Green Economy an investment
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Bualuang Asset Management plans to focus on "Green Economy" as an investment, in line with growing concerns about the impacts on our lives.
“There is no clear definition for this term, but it could mean all businesses that render long-term sustainability through more environmentally friendly patterns of life. Any business not following this path could face more risks, which include low public acceptance, trade barriers and legal requirements,” said Picha Liangcharoensit, one of the asset management company’s fund management team.
Several businesses are embarking on new technologies to reduce the volume of raw materials, in line with a survey by SCA, a US consumer product company, which showed that 69 per cent of consumers are willing to pay for “green products”.
“Our company believes that all investors should pay more attention to long-term trends, as one way or another, these will affect the way companies do business. For us, Green Economy investment is like investing in a big forest," Picha said.
