Singaporean 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.
Rebecca Mikula-Wright, Executive Director of AIGCC and member of the global Climate Action 100+ steering committee, said: “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.
“We are witnessing a rapid increase in investor understanding and activity on climate risk across Asia, which is translating into enhanced and deeper cooperative engagement with companies to ensure they are preparing for the low carbon transition. The continued growth and impact of Climate Action 100+ in Asia is testament to this.”
Liew Tzu Mi, Chief Investment Officer for Fixed Income at GIC and Chair of its Sustainability Committee, said: “Climate change is one of the defining issues of our era. As a long-term investor, we seek to ensure our portfolio companies are aligned with the transition to a more sustainable path.
“Where we identify companies exposed to greater physical or transition risks arising from climate change, we aim to engage with those companies to discuss, and offer support for, their plans to mitigate or transition from those risks.”