State-owned asset management firm the Public Investment Corporation (PIC) has been ranked among the top 30 asset management and sovereign wealth funds worldwide in the 2021 index by the Responsible Asset Allocator Initiative (RAAI) developed by US independent public policy think tank New America in partnership with the Fletcher School at Tufts University. The leaders stand out for their commitment to responsible, long-term investing, the integration of environment, social and governance (ESG) risks into their portfolio decision-making process and leadership in reflecting saver’s preferences on key issues, such as climate change, gender equality, fair labour practices, sustainable infrastructure, education and healthcare, New America said in its 2021 RAAI Leaders List.
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