SINGAPORE, June 9 (Bloomberg): 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 of client assets from its base in the Netherlands, started applying its test to sovereign bonds and state-backed entities last year.
