Chile, which will host the Climate Change Conference (COP25) from December 2 to 13, is focused on sustainability and is considering shifting more investment to environmentally friendly projects. Officials responsible for the Economic Stabilization Fund, worth US$14 billion, and the Pension Reserve Fund, with US$10 billion, are analyzing whether it is worth increasing investment in assets that take into account environmental, social and governance issues, according to Andrés Pérez, international finance coordinator at Chile’s Ministry of Finance.
With this move, the country joins a group of other countries with state funds that seek investment practices that are in line with sustainability practices and that respect workers’ rights. Singapore’s GIC has invested in renewable energy companies, and Singapore’s Temasek Holdings is creating an impact investment fund. Norway is another country concerned about sustainability, and in March it announced that it plans to increase restrictions on coal investments for its $1 trillion sovereign wealth fund, making more room for renewable energy infrastructure assets.
Know more: https://www.valor.com.br/financas/6356197/chile-estuda-aumentar-investimento-sustentavel
