The National Pension Service (NPS) of South Korea, has committed capital to Blackstone Credit’s Sustainable Resources Platform to enhance the pension fund’s ESG strategies, reported The Korea Economic Daily.
The platform was launched in January, focusing on investing in and lending to renewable-energy companies and those supporting energy-transition and climate-change solutions.
The platform invests across the credit spectrum in investment-grade and non-investment-grade credits and preferred and convertible securities. The target sectors include residential solar and home efficiency, renewable-electricity generation and storage, energy transition, decarbonized transportation and green financing.
