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GIC aims to bridge green assets funding gap with new initiative

Investment programme focuses on climate real assets that are past the laboratory stage but have yet to be scaled up for commercial demand

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Sharanya Pillai

Sharanya Pillai

Published Wed, Jul 24, 2024 · 05:00 AM
    • GIC chief executive Lim Chow Kiat (left) and chief investment officer Jeffrey Jaensubhakij. Besides investing in climate technologies, GIC is also engaging with portfolio companies on their green transition.
    • GIC chief executive Lim Chow Kiat (left) and chief investment officer Jeffrey Jaensubhakij. Besides investing in climate technologies, GIC is also engaging with portfolio companies on their green transition. PHOTOS: GIC

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    SOVEREIGN wealth fund GIC has launched an investment programme to address the funding gap for green assets, such as sustainable steel and battery storage.

    The investment programme, launched in April, focuses on climate real assets that are past the laboratory stage but have yet to be scaled up for commercial demand.

    The capital markets are “not great” at funding these types of solutions, said GIC’s chief investment officer Jeffrey Jaensubhakij, who was speaking about the fund’s annual report at a press conference on Wednesday (Jul 24).

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    GICESGsustainable investingClimate financing

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