Ninety One’s Global Environment fund is set to adopt the ‘Sustainability Impact’ label on 1 December 2024 after receiving approval from the Financial Conduct Authority (FCA) under the Sustainability Disclosure Requirements (SDR).
Managed by Deirdre Cooper, head of sustainable equity, and Graeme Baker, co-portfolio manager, the fund is designed as a high-conviction, concentrated global equity portfolio that provides exposure to what it describes as a “multi-decade structural growth opportunity” from decarbonisation, driven by the need to transition to net zero.
Therefore, the fund focuses on identifying businesses whose structural growth is driven by decarbonisation across three key pathways: renewable energy, resource efficiency and electrification. This is said to provide investors with leverage to long-term structural growth, a complimentary return profile that historically has been lowly correlated to peers, and a positive environmental impact by financing and engaging with companies that are solving the world’s environmental challenges.
Commenting on the adoption of the label, Cooper said: “As an active, global investment manager, Ninety One’s goal is to provide long-term investment returns for its clients while making a positive difference to people and the planet. The Global Environment Fund’s unconstrained and focused approach, combined with a long-term investment horizon and active engagement, is a powerful way to invest in decarbonisation.
“The adoption of the ‘Sustainability Impact’ label by the Global Environment Fund is a testament to our commitment to have a quantifiable carbon saving impact, enabling the transition to a net zero world.”
Ninety One said it would soon write to the fund’s shareholders with details of the updates to the prospectus, which are being made to align the relevant disclosures with SDR.
