India, March 5 -- Asia's largest power utilities are under growing pressure from investors to strengthen emissions reduction strategies, realign capital spending and address mounting climate risks, according to the latest progress update from the Asia Investor Group on Climate Change (AIGCC).

The findings come from AIGCC's US$13 trillion Asian Utilities Engagement Program (AUEP), which assessed eight systemically important utilities across governance, decarbonisation strategy, physical resilience, public policy and just transition planning. While companies have made incremental progress, investors warn that structural gaps remain that could expose businesses - and wider Asian economies - to material financial, operational and reputationa...