[Scythian]

June 9): State-backed assets from Singapore have ended up on an ESG blacklist at Van Lanschot Kempen NV, after Asia’s wealthiest country per capita failed an updated ESG test used by the wealth manager to screen for environmental risks.

Kempen, which oversees about US$130 billion (RM599.5 billion) of client assets from its base in the Netherlands, started applying its test to sovereign bonds and state-backed entities last year. The results mostly feed through to portfolio allocations for pension clients, but can also affect other customer groups, said Nikesh Patel, senior executive at the firm.

[winbig]

June 9): State-backed assets from Singapore have ended up on an ESG blacklist at Van Lanschot Kempen NV, after Asia’s wealthiest country per capita failed an updated ESG test used by the wealth manager to screen for environmental risks.

Kempen, which oversees about US$130 billion (RM599.5 billion) of client assets from its base in the Netherlands, started applying its test to sovereign bonds and state-backed entities last year. The results mostly feed through to portfolio allocations for pension clients, but can also affect other customer groups, said Nikesh Patel, senior executive at the firm.

How much are those assets?

[Scythian]

How much are those assets?

Blacklisted means no country limit for Singapore.

Zero exposures to Singapore