MARKETS & INVESTING | Staff Reporter, Singapore

GIC joins CDP signatories in sustainable investing programme

GIC joins 560 investors in requesting companies to disclose their environmental data.

Singapore sovereign wealth fund GIC has become the newest investor signatory of global non-profit CDP, joining the growing ranks of 560 investors with US$106t in assets in requesting thousands of companies to disclose their environmental data.

According to CDP, a few ways investors are seeking to impact the industry include engaging portfolio companies on their plans for addressing climate change-related risks, encouraging them to understand and disclose their climate-related metrics in line with TCFD recommendations, and supporting them in their transition towards lower carbon business models and long-term sustainability.

GIC chief investment officer for fixed income Liew Tzu Mi said the organization plays a vital role in driving greater disclosures on the business risks and opportunities presented by climate change.

“We believe that investors can benefit from having access to high quality and consistent carbon emissions and climate-risk data on their portfolio,” Tzu Mi said.

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