Sumary of GIC increasing focus on sustainable investments:
- The sovereign wealth fund launched its Sustainable Investment Fund last July, as it seeks to identify sustainability-related opportunities amid shifts towards a lower-carbon economy.
- Group chief investment officer Jeffrey Jaensubhakij told a briefing yesterday that measures taken to battle climate change may not be adequate, and pressures on companies to become more energy-efficient will only increase.
- For example, one of its portfolio companies, American utility firm Duke Energy, will use proceeds from GIC’s investment to accelerate its clean energy transition.
- GIC linked up with 12 other members of the Asia Investor Group on Climate Change last month to participate in the Asian utilities engagement programme.