Singapore’s sovereign wealth fund GIC is actively seeking opportunities in climate adaptation and resilience businesses, even as it continues to invest in the energy transition.
At the same time, GIC regularly screens and stress-tests its portfolio for material risks resulting from climate impact. It conducts additional due diligence for companies and assets that have exposure to both acute and chronic climate-related risks such as wildfires and hurricanes and other climate hazards, and adjusts its long-term valuation and risk models accordingly.
The SWF reiterated in its latest portfolio report that it expects investment in climate adaptation to grow as businesses act to prevent losses in the face of stricter policies and changes to building codes, insurance pricing, and corporate resilience rules. It argues that 60% of a potential $9 trillion opportunity set remains untapped, “as markets have yet to fully reflect climate risks and opportunities”.
“GIC has identified investment opportunities in companies focused on strengthening the built environment to track their performance and guide future investments.”
The fund has been directing capital to decarbonisation businesses in renewable energy generation and industrial and manufacturing sectors; financing the transition of high-emitting businesses; and investing in solutions such as climate-resilient building materials.
The SWF has three platforms to invest across both private and public markets. The Sustainability Solutions Group (SSG) invests in early-stage energy transition opportunities in the private equity space.
The SSG, for instance, identifies companies which need significant capex to scale up what it calls “first-of-a-kind” projects with successfully demonstrated technology that still fall into the funding gap between traditional capital buckets. To solve that, GIC has launched an initiative dedicated to green assets to help bridge the funding gap and invest in the commercialisation of decarbonisation solutions.
Elsewhere, the Climate Change Opportunities Portfolio deploys long-term public equity capital, while the Transition and Sustainable Finance Group invests across fixed income and multi-asset sectors.
Further, the SWF has noted artificial intelligence’s dual roles in driving new investment in power generation, and as a catalyst for innovation in sustainability.
These include more efficient energy management, predictive maintenance of infrastructure assets, and optimisation of grid operations. AI is also driving breakthroughs in materials science and carbon capture technologies, as well as climate modelling that could lower the cost and complexity of decarbonisation, GIC said.
Among its sustainability-related investments are agricultural warehousing and logistics company Leap India Food & Logistics, which specialises in modern grain storage and logistics that result in lower food losses and emissions.
In late 2025, GIC led the $91 million Series B fundraising for Infravision, a US-based developer of aerial robotics systems for grid infrastructure.
It is an early investor in Envision Digital, a Singapore-based AI and Internet software provider.
The SWF is also a limited partner in climate funds including Brookfield’s Catalytic Transition Fund, and most recently a co-investor with TPG Rise Climate on its acquisition of India’s Aseem Infrastructure Finance.
