Singapore's GIC keen on companies with potential to improve ESG

State fund says sustainability is 'top management priority'

20210902 GIC

GIC is one of the world's biggest institutional investors. (Photo by Nozomu Ogawa)

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- With a shift in investment trends toward a focus on environmental, social and governance issues, Singapore state fund GIC says it is looking for businesses that have the potential to transition to a more sustainable model.

In an interview with Nikkei Asia, GIC Chief Investment Officer for Fixed Income Liew Tzu Mi, who also chairs its sustainability committee, pointed out every company has "different starting points" in terms of building a business that complies with ESG standards.

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