The Tyne and Wear Pension Fund, administered by South Tyneside Council, has invested GBP650 million in the Future World Index Equity Fund range, managed by Legal & General Investment Management (LGIM), as part of its ongoing commitment to generating sustainable long-term returns in a responsible manner.
ESG & Responsible Investing
Lazard Asset Management (LAM) has launched the Lazard US Sustainable Equity Portfolio.
PGIM Investments has expanded its environmental, social and governance (ESG) offering with the launch of the PGIM Global Corporate ESG Bond Fund.
Banks, investors and insurers need to understand their impact and dependency on nature, and start setting targets such as ‘net positive impact' to achieve international policy goals on biodiversity, finds new research by the United Nations Environment Programme (UNEP) and the Natural Capital Finance Alliance (NCFA).
The coronavirus crisis has triggered some ESG rebalancing in the sustainable fixed income space in favour of social bonds, according to NN Investment Partners. In the past, green bonds have dominated, but the firm says that a heightened focus on the social implications of the pandemic has shifted the emphasis from E to S in the last couple of months, and led to an increase in bonds that raise funds for social projects.
Morgan Stanley Investment Management (MSIM) has launched the Morgan Stanley Global Balanced Sustainable Fund (the Fund). Managed by the Firm’s Global Balanced Risk Control (GBaR) team, the Fund combines the benefits of the team’s risk-controlled asset allocation process with a multi-dimensional framework for sustainable investing.
The European Bank for Reconstruction and Development (EBRD) and Warsaw Stock Exchange (GPW) have partnered to support Polish and CEE listed companies with environmental, social, and governance (ESG) reporting.
Jersey Finance has engaged with Andrew Mitchell, Founder of specialist independent consultancy Equilibrium Futures, to support the jurisdiction’s drive to position itself as a centre of excellence for sustainable finance.
Candriam has launched Candriam SRI Equity Circular Economy Fund. The circular economy concept provides an alternative to the current linear economic model, the "take, make, dispose” model, by avoiding waste and reducing the need for virgin raw materials. It seeks to increase resource efficiencies through the re-use or recycling of materials.
Asset manager Schroders has warned against adopting an “overly granular approach” to non-financial data, as it joins a group of stakeholders pushing for better reporting by businesses of environmental, social and governance (ESG) information.