14.03.2016 - Unlike Singapore, Norway’s sovereign wealth fund acts decisively against environmentally unfriendly companies
Norway’s sovereign wealth fund, Government Pension Fund Global, the world’s largest sovereign wealth fund, dropped 11 companies in 2015 over their connections to forest destruction. Meanwhile in Singapore, our sovereign wealth funds, GIC and Temasek Holdings (TH), operate on a purely commercial basis in order to maximise long-term risk-adjusted returns. Responding to Workers’ Party member Leon Perera’s question in Parliament if the Government monitors GIC and TH have investments in haze-linked companies; and if so, how much are the total investments of GIC and TH in these companies..............................................Full Article: Source
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