CIC to focus on climate change as part of comprehensive ESG drive
The SWF also aims to review and update its negative investing list on a regular basis to prevent systemic risk.
China Investment Corporation (CIC), the country’s $1.2 trillion sovereign wealth fund, plans to focus on climate change as part of efforts to target thematic investment opportunities going forward, according to its sustainable investment policy released on November 13.
CIC said it wants to incorporate ESG factors into its entire investment process, from project screening to due diligence. It also highlighted that it would review and update its negative investing list more frequent…
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