Wealth funds increase focus on climate change
Bloomberg
Sovereign wealth funds have invested more than $5 billion in agritech, forestry and renewables opportunities over the past five years as part of an increased push toward climate change-aware investing.
An inaugural survey of 34 sovereign wealth funds, representing 43% of the world s sovereign funds, was conducted in September by the International Forum of Sovereign Wealth Funds and the One Planet Sovereign Wealth Funds.
The survey found that these funds made 18 investments in agriculture technology, forestry and renewables opportunities in 2020 at a total value of $2 billion, up from eight investments valued at $324 million in 2015.
A report of the findings said the increased investment is one example of how sovereign wealth funds have increased the need to take action to mitigate the effects of climate change. Among the respondents to the survey, 93% recognize that climate change is a risk and/or opportunity for their port