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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
Add BT as a preferred sourcePublished Tue, Apr 25, 2017 · 09:50 PM
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.
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