INTERVIEW: Major Gulf sovereign wealth funds gear up for ESG investing | ZAWYA MENA Edition:
Despite being hydrocarbon-based economies, four Gulf countries are laying the groundwork to be aligned to Environmental, Social, and Governance (ESG) standards through their sovereign wealth funds’ (SWF) undertakings, global head of ESG Investment at the world’s fifth largest asset manager said.
Speaking to Zawya at State Street Global Advisors’ (SSGA) office in Abu Dhabi, Nathalie Wallace sounded optimistic about the outlook of the region’s integration of ESG risks and investing into their economies.
“We think tremendous change has taken place in Gulf region in terms of ESG adoption over the last two or three years. It has been driven by government-led ambitions to change the way capital is allocated, companies are run, and integrating those ESG factors and metrics in the way companies drive their strategies,” Wallace said.
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