
LOIM will provide investors with a sustainability report on the climate impact of the fund’s companies
by Kudakwashe MuzoriwaLombard Odier Group’s asset management unit is set to launch a climate transition strategy fund targeted at companies in carbon-intensive industries such as base metal production and chemicals, that are leading the way on transitioning their business models.
The Swiss-based lender stated that Lombard Odier Investment Managers’ (LOIM) fund invests in companies that are already generating superior returns and those that are positioned to generate growth and gain market share.
Bloomberg reported that the fund raised about $260 million ahead of launch.
Lombard Odier said that the approach was inspired by the latest recommendations across science, industry and policy, and is informed by developments under the EU sustainable finance action Plan through the emergent EU taxonomy and climate benchmarks.
Hubert Keller, the Managing Partner of Lombard Odier Group and CEO of LOIM, said, “LOIM will provide investors with a sustainability report to show the positive climate impact that investment in these companies brings to society and the planet and to report on stewardship progress across the portfolio.”
The climate transition strategy fund is managed by Paul Udall and François Meunier, Portfolio Managers within LOIM’s Global Equities team. The fund will invest in equities, though the bank hopes to expand the strategy across asset classes in the future.
The Oxford Martin Principles for Climate-Conscious Investment are incorporated at the heart of the strategy’s stewardship approach, as well as in the overall stewardship activities of LOIM.
LOIM will provide investors with a sustainability report on the climate impact of the fund’s companies.
MOST READ
INVESTMENT
Aldar to invest AED 2 million in Abu Dhabi...INVESTMENT
Oil drops 31 per cent as price war erupts...INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
Bahrain considers stake sell in oil assetsINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client programINVESTMENT
Dubai’s W Motors seeks funds to go electricINVESTMENT
Egypt plans to resume IPOs of parastatalsINVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Zimbabwe turns to UAE to sell a stake in...INVESTMENT
Dubai's DP World buys 44 per cent stake in...