Taiwan’s BLF launches $2.3bn equity mandate with ESG focus

Taiwan's Bureau of Labor Funds (BLF) issued a request for proposal (RFP) for its first domestic equity mandate of the year, worth up to NT$72 billion ($2.25 billion). In order to “actively guide enterprises on sustainable development”, the largest pension body in Taiwan will require selected managers to have sustainability reports, and invest only in listed companies with such disclosures.   BLF plans to hire up to six managers under a five-year term, for the relative return pas…