Key insights from the “ESG Investing Olympics”
Last year, three charities came together to run a public tender for a sustainable investment mandate. The event – known as the “ESG Investing Olympics” – attracted an overwhelming response. The organisers share insights and recommendations in their “state of the sector” report, which they discussed in a webinar with Cazenove Capital.
The Friends Provident Foundation, Joffe Trust and Blagrave Trust have very different charitable objectives and financial requirements. But the three charities have a shared belief that “the purpose of investment should be to direct capital to socially and environmentally useful activity.“
Last year, they came together to organise the “ESG Investing Olympics,” a public investment management tender that challenged would-be managers to impress the judges with their environmental, social and governance (ESG) integration and impact. The charities received submissions from 59 investment managers, with over £15 trillion of assets under management.
To view the slides accompanying the webinar, please click here.
"State of the sector" – read the report
Based on the submissions received, the charities have produced a “state of the sector” report looking at the latest developments in sustainable investment, recent trends and areas where standards are still falling short of expectations. They highlight five key recommendations for asset owners and managers. You can find a copy of the report below.
Colin Baines, of the Friends Provident Foundation, discussed the report in an online event with Cazenove Capital’s Kate Rogers, Head of Sustainability.
Cazenove Capital, winner of the “ESG Investing Olympics,” launched its Sustainable Growth Fund in response to the event. The three charities will act as anchor investors. You can read more about the fund here.
This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.
This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.
All data contained within this document is sourced from Cazenove Capital unless otherwise stated.
Topics