Taiwanese fund launches $2.3bn climate change pension mandate

The mandate will be one of the largest in Asia, encouraging green investment in the region

Big Zero Report 2023

The largest pension fund in Taiwan is looking to initiate a $2.3 billion (£1.7bn) climate change pension mandate, to encourage more green investment.

The Bureau of Labor Funds currently has just under $200 billion (£147bn) worth of assets, with global asset managers including BlackRock and Fidelity Investments.

Deputy Director General of the fund Liu Liju said: “Climate change is an ongoing process no one can ignore. We have seen many making commitments by words, we are putting money where our mouth is.”

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