GIC increasing focus on sustainable investments

gic increasing focus on sustainable investments

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.

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