This week in ESG: MAS on track with equity portfolio decarbonisation; Siemens Energy exec calls for regulatory alignment on energy security
Sustainable investing
Different climate strategies within Singapore’s invested reserves
The latest sustainability report from the Monetary Authority of Singapore (MAS) offers a glimpse into how differently managers of the country’s invested reserves address climate change.
Crucially, the varied approaches employed by MAS, GIC and Temasek give Singapore’s reserves a diversified exposure to climate change at a broad portfolio level. That diversity could turn out to be an important form of risk management amid elevated uncertainties and fragmentation in the trajectory of climate action around the world.
