Capital markets can't ignore impact investing: T.Rowe Price's Hari Balkrishna

Hari Balkrishna, portfolio manager of the T. Rowe Price Global Impact Equity strategy, recently spoke to FinanceAsia in an exclusive interview.

It has never been more important to delve deeper into the role of capital markets in creating value for society. According to McKinsey, achieving net zero by 2050 would require about $9.2 trillion in investment per year over the next 30 years, but only about $5.7 trillion per year is being invested today. We are about 35% short of what we need each year.

Traditionally, private markets have been more actively involved in impact investments compared to public markets. However, to fill the massive investment gap, private...

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