GIC’s private equity investment looks beyond definitive ESG

Singapore’s GIC has said it won’t pass on a private equity investment in a company or fund simply because it doesn’t have the data available to measure its ESG credentials accurately. The sovereign wealth fund stressed that every fund manager or company is at a different stage of ESG development, so it would still consider giving capital to any that have the potential to generate alpha and improve their ESG performance in the long term. “(Sometimes) somebody is nowhere (in ESG).…