Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Sunsuper awards green bond mandate

Sunsuper/mandate/ESG/climate-change/

21 August 2019
| By Jassmyn |
image
image image
expand image

Sunsuper has awarded a $150 million green bond mandate to London-based impact fixed income manager, Affirmative Investment Management (AIM).

In an announcement, the two said the mandate aimed to deliver a mainstream financial return while providing financing to generate positive environmental and social impact projects.

Sunsuper chief investment officer, Ian Patrick, said: “We believe environmental social and governance (ESG) [risk] integration is consistent with better investment outcomes, and has the ancillary benefit of contributing to a better future for our members.

“As an organisation, we have long considered the science behind climate change as settled. We recognise that from an investment perspective, a just transition to a low-carbon global economy presents both risks and opportunities,” he said.

AIM managing partner, Stephen Fitzgerald, said a pure play focus to investing, founded on deep analysis and engagement could be beneficial to both investors, in terms of financial returns, and to the broader society, in terms of environmental and social outcomes.

“We are really excited to be working with the fund to manage an active global fixed income portfolio, benchmarked against Bloomberg Barclays Global Aggregate, hedged into Australian dollars,” Fitzgerald said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 weeks ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 2 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 6 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND