Euan Stirling, global head of stewardship and ESG investment at Aberdeen Standard Investments
Standard Life Investments has launched a Global Equity Impact fund, investing in companies which are making a positive contribution to society and/or the environment.
The fund will be co-managed by Sarah Norris and Dominic Byrne who will screen for companies with a positive impact, which the firm said was an investment approach “ready to enter the mainstream”.
By adhering to the United Nation’s Sustainable Development Goals (SDGs), the managers will ensure companies are having a positive impact on the environment, society and clients.
It will have a high-conviction portfolio of 35-60 stocks, those which intentionally direct its resources towards making a positive environmental or social contribution and implement this strategy in their operations.
This includes companies that are designed to provide solutions in areas such as healthcare and education.
Euan Stirling, global head of stewardship and ESG investment at Aberdeen Standard Investments, said: “Impact investing is not just about rewarding those already making a difference, but about shifting the might of the capital market to change the world for the better. The world faces numerous challenges, from climate change and poverty, to inequality and pollution.
“As asset managers, we believe we can play a vital role in helping to address these issues. Through the Global Equity Impact fund we aim to have a positive social and environmental impact, while still delivering an above-market financial return for our clients.”
Norris said: “Asset owners are looking to embrace impact investing but lack appropriate investment solutions. The UN’s SDGs provide a common language for impact solutions that help unlock impact investing for mainstream investors.
“Active management is an essential component of successful impact investing. Engagement with management is necessary, both for impact analysis and to encourage better behaviours and disclosures.”