Temasek, GIC 'still lagging in managing climate risks'
Non-profit body AODP notes that most global institutional investors have scaled up action to tackle these risks
Singapore
EVEN as more asset owners take action to manage climate change-related risks and opportunities, Singapore's Temasek Holdings and GIC have remained laggards, research from the Asset Owners Disclosure Project (AODP) has found.
This could result in the two funds losing money as the world evolves into a low-carbon economy and the asset value of carbon-exposed investments falls, it said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment
US dollar soft on renewed Fed rate cut bets; yen on back foot