Singapore’s GIC joins AIGCC and Climate Action 100+ initiative

Photo: Reuters

Singapore’s sovereign wealth fund GIC has joined the Asia Investor Group on Climate Change (AIGCC) and the Climate Action 100+ initiative in a further boost to regional investor engagement on climate change, according to an announcement.

“AIGCC is proud to welcome GIC as a member and as a signatory to Climate Action 100+, and is looking forward to working with the team on its active climate risk engagement,” said Rebecca Mikula-Wright, Executive Director of AIGCC and member of the global Climate Action 100+ steering committee.

She added that Climate Action 100+ is witnessing a rapid increase in investor understanding and activity on climate risks across Asia, which is translating into enhanced and deeper cooperative engagement with companies to ensure they are preparing for the low carbon transition. The continued growth and impact of Climate Action 100+ in Asia is a testament to this.

Meanwhile, GIC’s CIO for fixed income Liew Tzu Mi, also chair of its sustainability committee, said the SWF seeks to ensure that portfolio companies are aligned with the transition to a more sustainable path.

Climate Action 100+ is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. More than 500 investors with $47 trillion in assets under management are engaging companies on improving governance, curbing emissions and strengthening climate-related financial disclosures.

AIGCC is an initiative to create awareness and encourage action among Asia’s asset owners and financial institutions about the risks and opportunities associated with climate change and low carbon investing.

AIGCC has 49 members from 11 markets representing over $11 trillion in assets under management

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.