The regulation defines those economic activities that play a key role in the transition to the green economy. Nigel Kershaw, Chair of The Big Issue Group, said: “The Big Issue’s mission is to build a world that works for everyone, for now and for future generations, so this fund is a natural extension of our mission, given that the negative effects of climate change are likely to have a disproportionate impact on vulnerable people across the world.” Read More Related Articles Read More Related ArticlesĪSI has selected FTSE Russell as its climate solutions data provider, using its Green Revenues 2.0 data model which measures the exposure of portfolio companies to comply with the incoming EU Taxonomy. Mackenzie commented: “Renewable energy, electric vehicles and other green technologies are likely to expand rapidly in the coming decades, offering a strong growth opportunity – our multi-asset approach diversifies risk across asset classes, allowing our customers to put their money to work financing the climate transition with less volatile investment returns.” MACS will be led by head of strategic asset allocation Craig Mackenzie, alongside investment manager Chris Paine, and ESG investment manager Fiona Ritchie. The Big Issue magazine works with more than 1,700 vendors to earn a living by selling the magazine, while the group also makes direct investments into more than 350 social enterprises across the UK. The fund will also be guided by a Climate Advisory Group which consists of ASI, TBIG and external experts whose responsibility is to review the investment framework.ĪSI has also committed to sharing 20% of the net revenue generated by the fund to support TBIG’s social causes. While it is driven primarily by its positive selection criteria, it will ensure there is no exposure to fossil fuel producers and a list of other controversial activities. These companies are expected to grow rapidly as the world accelerates its shift towards net zero carbon emissions, ASI stated.Ī multi-asset fund spreads risk across equities, bonds and real estate, investing in renewable energy, electric vehicles, smart working, energy efficient buildings and other green technologies. The fund is designed for those who want to invest in companies whose products and services play a decisive role in mitigating climate change and building a more sustainable future. Aberdeen Standard Investments (ASI) has launched the Multi-Asset Climate Solutions (MACS) fund in partnership with The Big Issue Group (TBIG).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |