EQ Investors has unveiled a range of eight climate portfolios.
The EQ Climate Action portfolios range from defensive to all-equity and will focus on companies that have best-in-class climate risk management policies, provide exposure to green projects, and use climate-focused engagement practices to create change in climate laggards. They will not invest in the worst offending companies such as fossil fuel extractors.
Managed by Damien Lardoux, head of impact investing, alongside assistant portfolio manager, Tertius Bonnin, the portfolios will target companies:
- Whose products and services are providing solutions as well as financing solutions.
- On a credible, science-based path to decarbonising their business models.
- That are leaders in carbon efficiency, with emissions at least 33% lower than their industry peers.
Sophie Kennedy, joint CEO and head of investing at EQ, and ESG Clarity Committee member, said: “Transforming the fundamental workings of our globalised economy, away from its reliance on fossil fuels, will require significant innovation and investment.
“Climate change has become an investment consideration impossible to ignore, as related disasters and economic losses grow, and regulators increasingly recognise it as a systemic financial risk.”
