Taiwan‘s largest pension fund is set to issue what a top official said is Asia’s first climate change-focused stock mandate, worth $2.3bn, amid mounting pressure for the global financial sector to support green investing.
The fund has Taiwanese $5.5 trillion ($199 billion) worth of assets, with around half of it invested in offshore markets, and currently, global asset managers including BlackRock Inc, Fidelity Investments, and PIMCO manage the assets.
Japan’s Government Pension Investment Fund in 2018 allocated 1.2 trillion yen ($10 billion) to underlying companies covered by two S&P carbon-efficient indices, but it hasn’t yet tapped external managers for a climate mandate to be run on its behalf.
Read more/Source: DealStreetAsia
