Climate change and pandemic tweaking sovereign wealth funds' focus
New report says these funds now also have an eye on strategic, environmental, social and economic development goals alongside financial ones
Singapore
COVID-19 is rewriting the rules for sovereign wealth funds (SWFs) and state investors.
The pandemic and the threat of climate change are leading to the wider adoption of "double bottom lines", where strategic, environmental, social and economic development goals sit alongside financial ones.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say