Taiwan’s BLF plans first-ever domestic ESG mandate

Taiwan’s Bureau of Labor Funds (BLF) will hand out a five-year NT$42 billion ($1.4 billion) investment mandate on environmental, social and governance (ESG) to external managers this year in order to promote the development of these principles among the society and investment community, according to Tsay Feng-Ching, director general of the pension fund. “We hope to make a mandate that is related to ESG …. There is a sustainability index in Taiwan and we want to use this sustain…