Issue 203: Singapore reserves’ varied climate strategies ; industry urges regional energy coordination

Sustainable investing

Different climate strategies within Singapore’s invested reserves

The latest sustainability report from the Monetary Authority of Singapore (MAS) offers a glimpse into how differently managers of the country’s invested reserves address climate change.

Crucially, the varied approaches employed by MAS, GIC and Temasek give Singapore’s reserves a diversified exposure to climate change at a broad portfolio level. That diversity could turn out to be an important form of risk management amid elevated uncertainties and fragmentation in the trajectory of climate action around the world.