Short-term ESG investing trade-offs expected: GIC

Temporary trade-offs when investing in environmental, social and governance (ESG) are expected, with controversial solutions such as carbon offsets necessary in the short-term, according to panellists at the Milken Institute Asia Summit 2022 held in Singapore on Friday (September 30). Rachel Teo, head of sustainability at GIC, noted during the panel discussion that in the long-term, however, the trade-offs will diminish as companies are put under pressure by governments, investors…