Consideration of Environmental, Social and Governance Factors in Investment Decisions of Singapore's Government Investment Funds
- The Minister for Finance confirmed that Singapore’s sovereign wealth funds, GIC and Temasek, operate independently on a commercial basis but emphasise sustainability and long-term value in their investments.
- GIC integrates sustainability considerations holistically into its investment processes to protect and enhance long-term returns, recognising that poor sustainability practices pose business and reputational risks.
- Temasek is committed to sustainable value as a responsible investor, actively addressing sustainability challenges and opportunities, and has established Temasek Foundations to champion causes like sustainability and climate resilience.