Singapore’s GIC has established a dedicated office focusing on sustainability, as the sovereign wealth fund ramps up its focus on this front amid a global shift towards a low-carbon economy.
Set up last month, the new office will deepen GIC’s research into key sustainability issues and integrate sustainability further into all its investment and corporate processes, it announced on Wednesday (Jul 27) as part of the release of its annual report.
"As Acre looks to expand their presence into Asia, I’ve been keeping a close watch on developments in the region and it’s great to see companies accelerating their sustainability efforts.
Just last week, Singapore’s sovereign wealth fund GICannounced that it will be establishing a dedicated office focusing on sustainability. The office will be headed by GIC’s head of sustainability, and will focus on deepening its sustainability research and integrating sustainability further into its investment and corporate processes. Another huge win for sustainability for the region!"- Paddy Balfour, Executive Director, Asia at Acre
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Original Source: Channel News Asia, posted on 27th July 2022, written by Tang See Kit