Carmignac appoints sustainability expert to investment committee

Justin Kew joins the company from Fidelity International, in a newly created role


Joe McGrath

Independent asset management group Carmignac has appointed a new sustainability manager who will also become a member of the investment committee.

Justin Kew will take up the newly created role when he joins from Fidelity International.  At Fidelity, he was a senior ESG analyst, responsible for the integration of ESG data in analysis of investments. He previously worked at JP Morgan Asset Management in the sustainable investment and product management team.

Sandra Crowl, stewardship manager and member of Carmignac’s investment committee, said Kew’s experience and skillset would be key to further developing the company’s socially responsible investment range.

“With Justin and the rest of the team at Carmignac, we will be even better equipped to look after clients’ assets and their sustainability choices,” she added.

Carmignac has been a signatory to UN-backed Principles for Responsible Investment since 2012. The company’s share capital is entirely owned by its fund managers and staff.

The business says it has now integrated ESG considerations into its entire investment process for more than 90% of its assets, including three dedicated socially responsible investment labelled funds.

It has earmarked managing the energy transition through low carbon emissions as a priority for its client base, which, it says, will deliver “stakeholder value” in the company it invests.

Carmignac scored an A rating for its strategy and governance, listed equity (incorporation) and listed equity (active ownership) approaches in its 2018 transparency report assessment by the UN PRI.

Investors can see a full copy of the report here.

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