Nikko AM sets up corporate sustainability department
Nikko Asset Management (AM) has announced the establishment of a corporate sustainability department to increase its environmental, social and governance (ESG) commitments and provide more transparency into how the company manages and approaches investing.
The new department would be overseen by representative director and executive deputy president, Junichi Sayato, and led day to day from Tokyo by global head of product and marketing and head of corporate sustainability, Stefanie Drews.
The company also said that specific internal ESG commitments would include inclusion for LGBT, women and those living with a disability, as well as monitoring adherence to local corporate governance codes.
“As a fiduciary, we hold ourselves to the highest standards of responsibility with regards to ESG, in both how we manage ourselves and in the way in which we approach investment and work with our invested companies,” Sayato said.
“Our clients are at the core of everything that we do, and this launch is further evidence of our efforts to deliver performance to them.”
As one element of this launch, the firm has established a microsite featuring details on its ESG commitments and activities, as well as insights regarding ESG in the investment process.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
