Industry News: ESG5

Established in 1911, the Public Investment Corporation (PIC) is a state-owned asset management company that manages the funds of the Government Employees Pension Fund and the Unemployment Insurance Fund among others. With over USD 147 billion of assets under management as of March 2018, PIC is one the largest asset managers in Africa.

PIC's overall investment strategy seeks to align the portfolio to the UN Sustainable Development Goals through sound risk management and a focus on ESG issues. PIC's approach to ESG allows them to identify engagement topics to improve the corporate governance of their portfolio companies. The fund's investments in unlisted assets enable them to drive a more sustainable and inclusive society by investing in Energy, Healthcare, Affordable Housing, Student Accommodation and Education Support, and SMEs.

Public Investment Corporation Integrated Annual Report 2018

Corporate Governance and Proxy Voting