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Report

Navigating the Shifting Perceptions of DEI and ESG: Insights from Japan

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Quintus Lim

Associate Director, Asia, Milken Institute International
Quintus Lim is an associate director of policy and programs for the International pillar at the Milken Institute. He focuses on policy areas such as R&D financing, technological adoption across domains such as health, food, agriculture, finance, and the broader economy, and issues of ecosystem building.
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During the 2025 Insights Forum at the Japan FinTech Festival, the Milken Institute and Global Finance & Technology Network gathered leading technologists, asset owners, and asset managers for off-the-record roundtable discussions on issues related to diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG). 

  • Part 1 of the discussion directly tackled the largest challenge facing DEI/ESG, that is, political backlash from the US, partially due to an imbalance between performativity and performance.
  • Part 2 identified the areas in which DEI/ESG initiatives remain useful, with many participants viewing DEI/ESG as precision tools to achieve better company or investment value rather than to assert moral values.
  • Part 3 captured participants’ suggestions for how DEI/ESG programs may be continued within an unfriendly political environment.
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