08.11.2016 - New Zealand wealth fund focused on climate change resilience
New Zealand's sovereign wealth fund plans to protect its portfolio from climate change risks by cutting fossil fuel exposure and seeking greener investments, its chief executive said. The NZ$31 billion ($22.71 billion) fund, established to support New Zealand's retirees, is hosting an annual meeting for some of the world's biggest sovereign funds in Auckland on Nov 8-11. Climate change policy risks are expected to figure high on the agenda of the meeting, which will be attended by International Forum of Sovereign Wealth Funds (IFSWF) members such as China's CIC, Singapore's GIC and the Gulf's Abu Dhabi Investment Authority.............................................Full Article: Source
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