Singapore's GIC boosts investor engagement on climate change

Sovereign wealth fund seeks to ensure transition to sustainable growth

GIC's chief investment officer says the sovereign wealth fund is trying to ensure that its portfolio companies are prepared for the transition to sustainable growth. © Reuters

QUYNH NGUYEN, DealStreetAsia

December 3, 2020 12:38 JST

HANOI -- Singapore's sovereign wealth fund GIC has joined the Asia Investor Group on Climate Change (AIGCC) and the Climate Action 100+ initiative in a further boost to regional investor engagement on climate change, according to an announcement.

"AIGCC is proud to welcome GIC as a member and as a signatory to Climate Action 100+, and is looking forward to working with the team on its active climate risk engagement," said Rebecca Mikula-Wright, Executive Director of AIGCC and a member of the global Climate Action 100+ steering committee.