Taiwan's largest pension fund to issue $2.3b climate change-focused mandate

Taiwan's largest pension fund to issue $2.3b climate change-focused mandate

Taiwan‘s largest pension fund is set to issue what a top official said is Asia’s first climate change-focused stock mandate, worth $2.3 billion, amid mounting pressure for the global financial sector to support green investing.

The open-tender bidding process for asset managers seeking to be involved in the Bureau of Labor Funds mandate will commence in the first quarter of the year, Liu Liju, deputy director-general at the fund, told Reuters in an interview.

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