Scottish Widows launches £1.4bn of climate-focused funds

Provider has launched the Global Environmental Solutions fund

Elliot Gulliver-Needham
clock • 2 min read

Scottish Widows has launched four new funds aiming to direct a total of £1.4bn of pension investment into sustainable investments.

The firm's new headliner Global Environmental Solutions fund will be focused on companies that provide solutions to critical environmental issues, such as global greenhouse gas emissions, food security, pollution and biodiversity loss. Developed with Schroders, the fund will invest in firms that derive at least 50% of revenues from goods and services that facilitate sustainable alternatives in areas such as transportation, electricity and heat production, water use, agriculture, or industrial manufacturing. Companies that direct at least 20% of capital expenditure towards adaptation t...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Green

HNWIs have an appetite for ESG investments but cynicism and mistrust is preventing most from investing

Fewer than half of HNW individuals invest in ESG over return concerns

Cynicism also holding back the high net worth from pushing money into ESG

Sahar Nazir
clock 03 May 2023 • 1 min read
Treasury launches consultation on ESG ratings providers

Treasury launches consultation on ESG ratings providers

Move comes as part of the government's green finance strategy

Beth Brearley
clock 30 March 2023 • 4 min read
CII expands ethics code with 'green finance' guidelines

CII expands ethics code with 'green finance' guidelines

CII says members need to act as role models on sustainability

Jenna Brown
clock 29 March 2023 • 2 min read