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CIC to focus on climate change as part of comprehensive ESG drive

6 December, 2021 | 
Pureprofile 

Originally published: Asian Investor, 25 November 2021

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 frequently, according to the statement.
Climate action and affordable, clean energy are expected to have the biggest impact on how institutional investors invest over the next three years, according to the latest survey by SigTech.
SigTech commissioned the market research company Pureprofile to survey 100 pension funds and institutional investors across the UK, US, and Asia in September.
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